Australian lender Westpac flags Iran war risks as first-half profit misses estimates
May 5 (Reuters) – Westpac Banking Corp reported lower-than-expected first-half profit on Tuesday and warned that Middle East conflict was pressuring customers through higher energy prices. Australia’s second-largest mortgage lender reported a first-half net profit attributable of A$3.41 billion ($2.44 billion), missing the Visible Alpha consensus of A$3.47 billion, hurt by higher credit impairment charges and weaker Treasury income. The bank recorded a credit impairment charge of A$443 million, up […]