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Westpac (ASX:WBC) share price on watch after NZ update – The Motley Fool Australia

The Westpac Banking Corp (ASX:WBC) share price will be on watch today following the release of an update on its NZ business…

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The Westpac Banking Corp(ASX: WBC) share price will be on watch on Wednesday.
This follows the release of an update in relation to its Westpac New Zealand business this morning.
What did Westpac announce?
This morning Westpac revealed that the Reserve Bank of New Zealand (RBNZ) has instructed Westpac New Zealand to commission two independent reports concerning its risk governance and liquidity risk management.
According to the release, the first report will assess the bank’s risk governance processes…

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