Westpac could lead Australian exit from New Zealand banking

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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...

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