Daily Dispatches: Westpac's profits rise
Westpac posted a 32 per cent rise in first-half net profit today, helped by lower charges for bad debts amid a strengthening of economic conditions in Australia. (The Australian)
A judge has ordered the subpoena of emails in a case involving alleged fraud by an insolvency specialist and heard claims that BankWest engaged in ''window dressing'' to hide its bad debts from its buyer, Commonwealth Bank of Australia. (The Age)
Patersons Securities has increased its board to six with Richard Pyvis, the executive chairman of CLSA Capital Partners, as it looks to build into a diversified financial services group. (The Australian)
