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Is it really business as usual at BankWest?
Friday September 19, 2008, 12:44 pm
The just-announced proposed merger between HBOS and Lloyds TSB in the UK could have major implications for BankWest in Australia, according to banking industry expert and Editor of Online Banking Review, Charis Palmer.
"This proposed merger could have serious implications for BankWest's expansion plans, announced in 2007, to open some 160 new sites on the east coast.
Just two weeks ago BankWest officials were saying that it was business as usual for their nationwide branch rollout. However, this could well change very quickly if Lloyds TSB looks to tighten spending, given the current economic climate," Charis Palmer commented.
"There could also be implications for BankWest's estimated 860,000 customers and the organisation's growing share of the retail deposits market, given that market pundits are saying that consumers may look to spread their money more widely, or move it back to the big four," she added.
"There's also a distinct possibility that this could force CBA to play its hand, given that there have been speculations of a potential purchase of Bankwest. If CBA is serious, then now would be a good time to move - when the market is weak," she added.
"It's certainly interesting times for banking here in Australia... and it would appear that business is not operating as usual for some," she concluded. |
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在悉尼养老院做义工的收获 (2015-7-28) stevenwu73 
楼主:FOR
发表于 2008-9-18 12:34
