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.
Westpac: 2014 Result
Record annual profits are par for the course for big banks these days, and Westpac didn’t disappoint.
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