Westpac Profit Misses Estimates

Westpac Banking Corp., Australia’s second-biggest lender, reported full year profit that missed analyst estimates as costs for soured loans rose 22 percent.

Ingves: Negative Rates Not an Issue at This Level
22:07 - Swedish Riksbank Governor Stefan Ingves discuss the impact of negative interest rates and the bank's decision to cut rates to safeguard its inflation target. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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