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(Bloomberg) -- Westpac Banking Corp. saw a reduction in stressed assets as it reported profit for the quarter, with Chief Executive Officer Peter King noting that Australian interest rates will likely decrease over the coming year.
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>>> Read more: Westpac Sees Drop in Stressed Assets, Lower Australian Rates
Most Read from Bloomberg
Trump Keeps NY Empire Intact as Judge Rescinds Asset-Sale Order Record US Stock Rally Is Under Threat From a World in Turmoil Systemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause Turmoil Top Investors Share the Toughest...
>>> Read more: Westpac Sees Drop in Stressed Assets, Lower Australian Rates
