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The bank reported September-year cash earnings of $236 million, down 40 per cent on a year ago. The six months to September were particularly painful with cash earnings of just $34 million against $240 million for the same period a year earlier. Westpac...
Tags: Westpac New Zealand, Westpac NZ, bad debts, St George Bank, chief executive, impairment charges, executive gail, Gail Kelly, cash earnings, financial crisis
Westpac chief executive Gail Kelly and board were questioned by shareholders at the AGM. Photo: Peter Rae Danny John, Sydney December 12, 2008 THE failures of Allco Finance Group and ABC Learning Centres have taught Westpac significant lessons that...
Tags: debt, Westpac, ABC Learning Centres, executive gail, Allco Finance Group, Gail Kelly, chief executive