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By Reuters Staff 2 Min Read FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo (Reuters) -Westpac Banking Corp will sell its New Zealand life insurance business to Fidelity Life for NZ$400 million ($280.84 million), the companies said on Tuesday. The unit is the latest asset to be offloaded by Australia’s second-largest bank over the past year as it narrows its focus to its core banking operations after a series of scandals ramped up regulatory scrutiny. “This transaction is the latest step in simplifying our business,” Chief Executive Officer Peter King said in a statement.

New zealandNikhil kurian nainanJane wardellPeter kingJonathan oatisNz super fundThomson reuters trust principlesWestpac banking corpFidelity lifeExecutive officer peter kingLife new zealandDiane craftThomson reuters trustபுதியது ஜீலாந்துநிகில் குரியன் நைனன்ஜேன் வார்டெல்