Why westpac bank

AX on Monday disappointed investors hoping for a quick restructure at Australia's No. Westpac is slowly emerging from a costly turnaround to fix outdated software and convoluted procedures that led last year to record fines for breaches of anti-money laundering law and market-share losses in mortgages, it's main product. Net interest margin, a key measure of profitability that measures the difference between what banks charge for loans and what they pay, fell 10 basis points during the second half, to 1.

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