Australian financial services giant Westpac Banking ( WBK) has a massive presence Down Under and in New Zealand, a big enough scale to make it the third biggest bank on the continent. Sydney-based Westpac sports more than 1,200 branches that offer products raging from conventional retail and commercial banking to investments. Recent acquisitions have boosted Westpac's exposure to wealth management, hiking its fee-based revenue at a time when investors are getting antsy about the rate-sensitive banking business.
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