Westpac takes $A1.6b Covid-19 hit
Bank indicates no need to raise capital.
NBR staff
Tue, 28 Apr 2020
Westpac’s Australian parent has announced a $A2.2 billion impairment charge ahead of its half-year result next week but said it was “well positioned” to absorb the loss.
Rival National Australia Bank yesterday said it was raising $A3.5b to boost its capital after reporting credit
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NBR staff
Tue, 28 Apr 2020
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