Westpac could lead Australian exit from New Zealand banking
By Frank in Business
Updated 3 years ago
SYDNEY, March 25 (Reuters) - Westpac Banking Corp's WBC.AX potential spin-off of its New Zealand unit due to tighter regulation could see some of the other three Australian-owned banks that make-up the bulk of the kiwi banking system follow its lead, investors and analysts said. Seeking to safeguard the New...