WBC westpac banking corporation

News: WBC Westpac Banking Corp responds to budget announcements by the Australian government

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    May 10 (Reuters) - Westpac Banking Corp (WBC) :

    • Budget announcements impacting major banks-WBC.AX
    • Liabilities subject to levy will include items such as corporate bonds, commercial paper, certificates of deposit, tier 2 capital instruments
    • "Currently working through details and will require further information to confirm specifics of calculation for Westpac"
    • It is currently uncertain what financial impact for Westpac (as a result of the budget announcements) will be
    • Consultation on levy is expected to take place soon
 
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