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Westpac HY profit falls to $3.34bn

Westpac HY profit falls to $3.34bn

The chief executive of one of Australia’s biggest banks has laid bare the stress the country’s aggressive rate hike cycle has put on homeowners, with the bank’s “customers in hardship” measure doubling in just a year. Westpac chief executive Peter King, in reporting the ASX-listed behemoth’s half-year results on Monday morning, said there had been...