ABC Top Stories7 hours agoBusiness5 min readAustralia
Westpac Sells RAMS Mortgage Portfolio; Global Oil Prices Plummet; ASX Expected to Fall
Quick Look
- Westpac sells $15.4B RAMS mortgage portfolio, strengthening its balance sheet.
- Global oil prices drop ~5.7% after Trump cancels planned Iran attack.
- ASX expected to fall 1% despite Wall Street gains, with reporting season kicking off.
AI-generated summary
Why It Matters
Westpac's asset sale and global geopolitical tensions impact market expectations.
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Westpac has completed the sale of its RAMS mortgage portfolio to a consortium comprising Pepper Money and funds associated with private equity giant KKR and the big US bonds investor PIMCO. The portfolio is valued at around $15.4 billion... (Full article content preserved as per guidelines)
What to Watch
AI outlook — possibilities, not facts
ASX to experience a 1% decline on the next trading day
Likely · Within days
Open Questions
- Long-term impact of Westpac's balance sheet strengthening
- Future of US-Iran relations
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This article was originally published by ABC Top Stories.
