Westpac H1 profit jumps on higher interest rates, flags second-half margin pressures

Westpac H1 profit jumps on higher interest rates, flags second-half margin pressures

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Australia's Westpac Banking Corp (WBC.AX) on Monday posted a 22% jump in first-half net profits as margins improved on the back of rising interest rates but warned tough mortgage competition will negatively impact margins going into the second half. Over the past year, aggressive monetary…

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