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Revenue growth is an elusive commodity in the financial services industry at the moment, but Westpac is betting it can boost revenue by getting more of its banking customers to buy products in fast-growing wealth management sectors.
Brad Cooper, the head of Westpac wealth management division BT ... More
Westpac has launched an issue of subordinated notes, seeking to raise A$500 million in tier two capital. The notes, which will be listed, will pay 2.75 per cent over the 90-day bank bill rate.
With the 90-day bill rate around 3.5 per cent, the notes will pay around 6.25 per cent for the first ... More
Deutsche Bank reaffirmed its Buy recommendation on Bank of Queensland last week, after BOQ announced the sale of a portfolio of non-performing loans.
In February, BOQ had announced plans to sell A$230 million of commercial property loans. At the end of June it said the sale would not go ahead, ... More
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