25 Mar 2021

Westpac Bank considering pulling out of NZ

From Morning Report, 8:20 am on 25 March 2021

Westpac Bank is looking at the future of its New Zealand business, including a possible sale.

Wednesday's announcement landed on the same day the Reserve Bank told Westpac it must commission two independent reports to address concerns over the bank's compliance with liquidity rules.

RNZ business editor Gyles Beckford spoke to Corin Dann.