Westpac Banking Corporation Drawn Into $153 Million Regional Branch Fight as Pressure Builds
Regional banks are urging Westpac, CBA, NAB, and ANZ to help fund face-to-face banking in rural towns through a proposed A$153 million industry model. The push comes ahead of Westpac’s May 5 results, with credit costs under scrutiny. Westpac has pledged to keep regional branches open until 2030, outlasting the current big-bank moratorium.