Westpac languishes at half the value of CBA after lost decade
Australia’s oldest bank was once the country’s biggest and best performing. Now, it trades at the largest discount to its big four peers in history.
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Australia’s oldest bank was once the country’s biggest and best performing. Now, it trades at the largest discount to its big four peers in history.
It was the transformative decade: radical economic reform, takeover splurges, spectacular busts, the rapid acceleration of Australia’s Asian engagement, and emergence of more companies ready to take on the world.
The Evans family went from 15 inflatables to 105.
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When former RBA governor Glenn Stevens joined the board of Macquarie Group in November 2017, the company’s share price was $99 and the RBA cash rate was 1.5pc. The global economy and financial markets are now in a very different position.