Brisbane Times
·general
·1 hour ago
Westpac raises buffers for bad loans as it braces for slowdown
Westpac, Australia's second-largest lender, raised provisions for bad debts by $200 million Tuesday as it braces for economic slowdown from Middle East tensions and energy crisis. The bank posted $3.4 billion first-half profit despite fewer struggling borrowers. Chief executive Anthony Miller said the bank expects three more interest rate hikes and unemployment rising to 5 percent by early.
Summary by Glance · Brisbane Times
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