SMH
·general
·1 hour ago
Westpac raises buffers for bad loans as it braces for slowdown
Westpac raised provisions for bad debts Tuesday as it braced for economic slowdown from the Middle East conflict, despite reporting $3.4 billion in first-half profits. The bank added $200 million in extra bad-debt buffers and forecasts three more rate hikes to 4.85 percent. Chief executive Anthony Miller said uncertainty about business investment posed greater risks than recession.
Summary by Glance · SMH
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI