Subscribe today - find out more
Why you should consider BusinessDesk

Westpac Bank to delist from NYSE

Dan Brunskill
Tue, 11 Jan 2022

Westpac Bank will delist its American depositary shares which allow US investors to buy shares in the Australian bank through the New York Stock Exchange.An American depositary share, or ADS, is share in a non-US company that is held by a depositary bank and can be purchased by investors wanting to own the stock as if it were listed on their local exchange.Westpac today said it would be withdrawing its American depositary shares as part of its strategy to simplify the business.The bank also considered demerging its New Zealand banking business...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector
The next big milestone in the A2 class action
Rebecca Howard | Thu, 20 Jan 2022

Once the court decides how the matter will proceed it will make orders for A2 Milk to file a defence, say Shine Lawyers. 

Opinion
Vocus-2degrees merger makes sense – can they make it work?
Peter Griffin | Thu, 20 Jan 2022

The question isn’t whether 2degrees and Vocus should come together. It’s how will this newly merged player give us the third strong market player we’ve long needed.

Primary Sector
Fonterra wants new capital structure in place by June
Rebecca Howard | Thu, 20 Jan 2022

Talks are underway between the government and Fonterra to hammer out the final details of the capital structure reform. 

Sponsored
How to pick the perfect real estate investment now

Now is a good time to get on the property investment ladder - here is how to get there.

Sponsored
Green energy for green farms and green trucks

Ballance Agri-Nutrients and Hiringa Energy are preparing to make green hydrogen to power trucks and produce sustainable farm fertiliser.