Another bank cuts its dividend
But Westpac's results in NZ much better than in Australia.
Westpac is following ANZ by cutting its dividend, after a tough year across the Tasman.
The Australian bank revealed this morning it is seeking to raise $A2.5 billion in capital from its shareholders, following a 15% slide in its cash profit.
As expected, it has cut its final dividend to 80Ac
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