Yep, In light of the changed economic outlook ... Westpac has increased provisions for expected credit losses to $5.8 billion, which includes approximately $1.6 billion of additional impairment charges predominantly related to COVID-19 impacts.. The underperforming businesses will be transferred into a new division, with options to be reviewed including their sale. The review would provide an opportunity to "release" $4 billion in regulatory capital....
WBC Price at posting:
$15.23 Sentiment: Buy Disclosure: Held
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