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Westpac: The Bank that Broke the BankNew

Australia's most famous banking disaster.

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Westpac: The Bank that Broke the Bank

Trevor Sykes, Australian Financial Review Thursday, 1 October 1992. Ten years to the day since Australia's oldest bank, the Bank of New South Wales, was reborn as Westpac Banking Corporation, a bank bullishly ready to take on the world. But the heady optimism of the eighties had given way to a nineties recession, and the bank had been battling …

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Location: Waitakere City, Auckland