Australian banks agree mega merger
Australia's fourth-largest bank Westpac and fifth-ranked St George on Tuesday said they had agreed to a proposed merger which would create the country's biggest bank.
By Agencies |
SYDNEY: Australia's fourth-largest bank Westpac and fifth-ranked St George on Tuesday said they had agreed to a proposed merger which would create the country's biggest bank.
The announcement was made in a joint statement to the stock exchange, just one day after Westpac flagged its bid to form Australia's leading financial services company with a market capitalisation of more than 60 billion US dollars.
The announcement was made in a joint statement to the stock exchange, just one day after Westpac flagged its bid to form Australia's leading financial services company with a market capitalisation of more than 60 billion US dollars.
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