MELBOURNE, Australia--Westpac Banking Group Ltd. (WBC.AU) has moved to offload its stake in BT Investment Management Ltd. (BTT.AU), initially offering a large chunk of the fund manager to investors before eventually selling the rest. Continue Reading Below.
The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice ... Business Bank, BT Financial Group (BTFG), Westpac Institutional Bank (WIB) and Westpac.
MELBOURNE, Australia--Westpac Banking Group Ltd. (>> Westpac Banking Corp) has moved to offload its stake in BT Investment Management Ltd. (>> BT Investment Management Ltd), initially offering a large chunk of the fund manager to investors before.
SYDNEY, Dec 7 (Reuters) - Westpac Banking Corp (WBC.AX), Australia’s fourth-biggest lender, said on Friday an initial public offering (IPO) of its BT Investment Management Ltd (BTT.AX) unit raised A$247 million ($217 million) by selling shares at the.
Westpac will soon have more than $600 million to bolster its balance sheet as it continues to sell down its stake in BT Investment Management and prioritise distribution strength over asset management As revealed by Street Talk on Wednesday, the lender is.
May 24 (Reuters) - Westpac Banking Corp :announces BT Investment Management (BTIM) institutional offer.Westpac banking says fully-underwritten offer of 60 million shares in BT Investment Management to institutional investors.Offer price range has been set.
SYDNEY, May 24 (Reuters) - Australia's No 2 bank, Westpac Banking Corp <WBC.AX>, on Wednesday said it planned to exit its investment in funds manager BT Investment Management (BTIM) <BTT.AX> as its stake in the listed company was no longer viewed as a core.
Westpac is selling a stake of up to $645 million in BT Investment Management as part of a plan to offload all its stake in the fund manager. The Sydney-based lender is selling 60 million shares at a price range of $10.25 to $10.75 per share. The bottom of.
Westpac-owned BT will pay $12 million to customers whose life insurance claims were knocked back, because some of these customers may not have been aware of a clause that made them ineligible to claim. The wealth management giant on Thursday said it.
Westpac wealth management group BT Financial Group will make $12 million in goodwill ... A parliamentary inquiry is reviewing the $44 billion industry and the Australian Securities & Investments Commission is investigating the sector after it found.