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BRIEF-Westpac Banking Corp responds to budget announcements by the Australian government
May 10, 2017 / 1:24 AM / 4 months ago

BRIEF-Westpac Banking Corp responds to budget announcements by the Australian government

May 10 (Reuters) - Westpac Banking Corp:

* Budget announcements impacting major banks-WBC.AX

* Liabilities subject to levy will include items such as corporate bonds, commercial paper, certificates of deposit, tier 2 capital instruments

* “Currently working through details and will require further information to confirm specifics of calculation for Westpac”

* It is currently uncertain what financial impact for Westpac (as a result of the budget announcements) will be

* Consultation on levy is expected to take place soon Source text for Eikon: Further company coverage:

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