Monday, November 18, 2019

Westpac’s low improve future – Australian Monetary Evaluation

ChanticleerIn opting to go to shareholders for cash to maintain balance sheet strength, the Westpac board has gambled on the Reserve Bank of New Zealand (RBNZ) and AUSTRAC not hitting the bank with bigger than expected demands that could eat into capital.Westpac Banking Corp should have no problem bedding down its $2.5 billion capital raising…