Westpac in Podcasts
companyWestpac, an Australian bank involved in financial services and banking operations.
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Unrelated to the Middle East conflict, Westpac also said the sale of its Rams mortgage portfolio was on track for completion.
uh so that's quantus westpac was the other company that we mentioned the bank has said that earnings in its markets division has been have been hit by interest rate volatility caused of course by the middle east war and it said it expected higher inflation and interest rates and a slower economy which will create a challenging environment for
Qantas and Westpac are among a growing number of businesses warning that earnings will be hurt by the war in the Middle East.
Anthony Miller was made chief executive of Westpac at the end of 2024, four years after he joined the bank as head of its institutional division following a 20-year career in investment banking, mostly with Goldman Sachs, but also Deutsche Bank.
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