Headlines
Australia's Westpac says 'worst is behind us', finance demand for M&A stronger
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Westpac's CEO states the worst is behind as economic recovery boosts M&A finance demand. Stress levels are improving, and the demand pipeline exceeds expectations.
(Corrects CEO's quote in headline to 'worst is behind us', not 'worst is over')
SYDNEY (Reuters) -The CEO of Australia's second-largest mortgage lender Westpac said on Tuesday that the economy was showing signs of recovery and financing demand for M&A was stronger.
"All the data in terms of 90-day plus stress levels, across the consumer division, across the business bank, just indicating that the worst is behind us," Anthony Miller said at the Macquarie Australia conference.
He added the financing demand pipeline for mergers and acquisitions was "larger than we thought we'd see".
(Reporting by Christine Chen in Sydney; Editing by Christian Schmollinger)
The article discusses Westpac's view on economic recovery and increased finance demand for mergers and acquisitions.
The CEO mentioned that the worst is behind and highlighted strong finance demand for M&A.
According to Westpac's CEO, the economy shows signs of recovery with improving stress levels.
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