Westpac may have been more than $1 billion short
A more serious and widespread problem than previously disclosed.
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Hawke’s Bay
Westpac New Zealand has had to find probably more than $1 billion in additional capital since the end of June.
It appears extra capital was supplied by its Australian parent.
The Reserve Bank has ordered Westpac to hold about 2% more capital than the other New Zealand registered banks because
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Jenny Ruth
Thu, 16 Nov 2017
Thu, 16 Nov 2017
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Westpac may have been more than $1 billion short
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