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Analysts run the numbers on potential sale by Westpac Banking Corporation of wealth and insurance businesses

Analysts run the numbers on potential sale by Westpac Banking Corporation of wealth and insurance businesses

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2 Comments

Times must be tough if they are considering selling the Kiwisaver cash-cow

The owners are squeezing out every dollar as profit, before its nationalised as a result of bankruptcy. Its what happens when your cashflow (interest paid) dries up, and your assets (mortgages) become less than you liabilities (deposits).

Covid has masked this for a short period, with central government providing stimulus never seen before, which will eventually run its course.

Days to the General Election: 19
See Party Policies here. Party Lists here.