Westpac: 2014 Result

Record annual profits are par for the course for big banks these days, and Westpac didn’t disappoint.

On the surface Westpac’s results looked good. But when the Reserve Bank is regularly warning you to be careful about taking on too much debt to buy a home it’s important to look behind the numbers, as it’s not generally in their interest to do anything that undermines confidence and risks slowing economic growth and increasing unemployment.

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Nathan Bell

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