Westpac first-half profit tumbles | Sky News Australia

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Westpac’s profit has slumped 22 per cent due to customer compensation payouts and a decline in home lending.

Cash earnings have fallen by almost a quarter to $3.

2 billion for the half-year, and about 800 staff have been laid off to cut costs. Westpac CEO Brian Hartzer says 'This is a disappointing result reflecting weaker business conditions.'

 

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Maybe because they advertise on and people are walking

oh isnt that a shame🤣bet its still in the billions

Pre-election reaction to Labor's policies against property investors. Labor says that landlords are evil. Proposes scores of offences and taxes against them and now Leftists want to change negative gearing laws just against them, without applying them to all other investments.

Hope the 4 banks fall in a heap😂

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