Australia s Westpac Banking Corp reported a 16% drop in its first-half net profit on Monday as margins are squeezed by intense lending competition and higher costs. It also announced an increase.
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(Reuters) -Australia's Westpac Banking Corp reported a 16% drop in its first-half net profit on Monday as intense lending competition and higher costs squeezed its margins. It also announced an increase of A$1 billion ($660.90 million) to an existing s.
Australia s top investment bank
Macquarie said its annual profit slumped by a third,
the sharpest in 15 years, as a stabilisation in energy markets
hammered its commodities trading division and it.
(Reuters) - Australia's Macquarie Group posted a 32% drop in its full-year profit on Friday due to weaker performance across its commodities, global markets and asset management businesses. The financial conglomerate's profit attributable for the y.