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, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
