Westpac is weighing the future of its St George and BankSA subsidiaries and is considering moving large business banking customers to its main brand as part of an overhaul under a new chief executive.
While no decision has been made about how much of the St George business to merge into Westpac, the bank has been working through its options – codenamed Project Aries – as part of a simplification drive.
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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
Joyce Moullakis is an Associate Editor writing across company news, policy issues, investment banking, private equity and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au
