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Australian banking giant hits out at proposed government "bank tax"

One of Australia's largest banking institutions, Westpac, has hit out at the Australian government's planned bank levy on Monday, calling it "inefficient."

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Australian banking giant hits out at proposed government "bank tax"

OneofAustralia'slargestbankinginstitutions,Westpac,hashitoutattheAustraliangovernment'splannedbanklevyonMonday,callingit"inefficient."Thenewlevytobeappliedtomaj

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Australia's Westpac posts record cash profit for 12 month to September

Australia's Westpac Banking Corporation on Monday posted a 14 percent increase in its full- year net profit, driven by a strong performance across all its operating division.