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Sunday May 11

Westpac bank in takeover talks with St George

“Fascinating. It makes a lot of sense. St George is about a third of the size of Westpac and the cost synergies they can extract out of St George would be staggering”

Westpac Banking Corp Ltd, Australia's fourth-biggest lender, said it is in talks on an all-share bid for St George Bank Ltd, which has a market value of A$15 billion , to create Australia's largest home lending ... via NZ Herald

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