Westpac's plans for a 'lower for longer' environment
Published Mon 2 Nov
Westpac Banking Corporation has confirmed a full-year cash profit of $7.82 billion, up three per cent for the year but warned that banks are stuck in a "lower-for-longer" environment. The profit was, in fact, announced a couple of weeks ago when Westpac launched a $3.5 billion equity raising to boost regulatory capital.
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