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....
Bank on a 70% return: Why 'tis the season to be bullish on the Big Four, page-27
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$27.82 |
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Mkt cap ! $96.23B | |||
| Open | High | Low | Value | Volume |
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