A defensive alliance with, and a potential equity investment in, UK unicorn 10x is a sideshow with interest in the Westpac result.
An offensive in the Australian retail and business market? A little promised at the Westpac full year result briefing yesterday.
A lot of endeavour, Red Bank done properly - The Bank of New South Wales? Sadly this is Westpac and Australian banking.
Brian Hartzer, a now lesser-paid CEO, at least talked yesterday about an Australian ATM industry utility. Three banks will get it done and the ACCC blown in line. Widen this.
The competition is closing in fast in Aussie banking and the likes of Westpac are set for a roasting. They have NAB and ANZ leading the way in the rush for the frying pan.
The dividend cut and the capital raising, unavoidable and probably too little too late, has been done by the Westpac board.
The NAB dividend decision is pending and worrying many bank investors.