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Westpac Banking profit plunges 15%

Westpac Banking profit plunges 15%

  • TV-G
  • 2019
  • 1mins
Westpac Banking Corp. Australia's second-largest lender will tap shareholders for A$2.5 billion ($1.7 billion) in new capital and slashed its dividend as full-year cash profit plunged 15% -- the first decline in earnings since the aftermath of the financial crisis. Emily Cadman reports on Bloomberg Daybreak: Asia.