Westpac says Aussie rules contribute to deposits war

Westpac New Zealand says some of the intense competition for bank deposits is due to the Australian regulator’s order in late 2015 that the New Zealand arms repay some funding to their parents over a five-year period.

Westpac, which had to repay about $500 million, says competition for deposits

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Jenny Ruth
Tue, 09 May 2017

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