Australian lender Westpac’s annual profit falls 3%, increases buyback By Reuters – Forex Trader Hub
(Reuters) – Australia’s Westpac Banking (NYSE:) Corp reported a 3% fall in annual profit on Monday, due to rising costs and intense competition in the mortgage market, while it increased its buyback program by an additional A$1 billion. Australia’s third largest lender by market value reported net profit attributable of A$6.99 billion ($4.61 billion) for…