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The Australian Bank Westpac is missing its profits estimates and indicates risks linked to global trade

The Australian Bank Westpac is missing its profits estimates and indicates risks linked to global trade
The Australian Bank Westpac is missing its profits estimates and indicates risks linked to global trade

Westpac Banking Corporation is an Australian company that provides banking services and certain financial services, under several brands, mainly in Australia and New Zealand, with a small presence in , North America and Asia. Its activity sectors are as follows: Consumer, Business and Wealth, Westpac Institutional Bank (WIB), Westpac New Zealand and Group Businesses. The “Consumer” segment provides a full range of banking and services to Australian customers through three lines of activity, namely mortgage loans, consumer credit and and transactional banking services. The Business and Wealth segment includes banking services to businesses, wealth management, private wealth, Westpac Pacific and automotive financing. The WIB segment offers a range of financial products and services to businesses, institutions and governments. The Westpac New Zealand segment provides banking products and services to consumers, businesses and institutional customers in New Zealand.

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