Oct 23 (Reuters) - Australia's No. 2 lender Westpac Banking Corp (WBC) on Wednesday said its cash earnings in the second half of 2019 will be reduced by about A$341 million ($233 million) due to customer remediation programmes.
Besides the charges relating to customer remediation programmes, costs related to the previously announced wealth reset will reduce second-half earnings by another A$36 million, the lender said in a statement.
($1 = 1.4626 Australian dollars)
News: WBC Australia's Westpac to take $233 mln hit from remediation charges
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Last
$37.16 |
Change
-1.410(3.66%) |
Mkt cap ! $127.1B | |||
| Open | High | Low | Value | Volume |
| $38.30 | $38.44 | $37.11 | $198.7M | 5.287M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2715 | $37.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.20 | 2635 | 1 |
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| WBC (ASX) Chart |