Who owns Westpac NZ?
So, who’s the big boss behind Westpac NZ? Drumroll, please… it’s Westpac Banking Corporation, the Australian financial giant! Yes, Westpac NZ is essentially the Kiwi cousin of the Aussie banking powerhouse. It’s like finding out your favorite local café is actually part of a global coffee empire—surprising, but not entirely shocking. Westpac NZ operates as a subsidiary, meaning it’s got the backing of its Aussie parent while still keeping its Kiwi flavor intact.
Here’s the juicy bit: Westpac NZ isn’t just any subsidiary; it’s a major player in New Zealand’s banking scene. Fun fact: While it’s owned by the Australian parent company, it’s been serving Kiwis since 1861. That’s older than sliced bread (literally). So, while the ownership might be Aussie, the heart and soul of Westpac NZ are firmly Kiwi. Here’s a quick breakdown of what that means:
- Ownership: Westpac Banking Corporation (Australia)
- Operation: Independent subsidiary in New Zealand
- Heritage: Over 160 years of Kiwi banking history
What was the price of Westpac shares in 2008?
Ah, 2008—the year of financial chaos, questionable decisions, and Westpac shares doing their best rollercoaster impression. If you’re wondering what the price of Westpac shares was during that wild ride, let’s just say it wasn’t exactly a smooth sail. At the start of 2008, Westpac shares were cruising at around $26, but by the time the global financial crisis hit, they took a nosedive, dropping to roughly $16 by the end of the year. Talk about a plot twist!
Here’s a quick breakdown of the drama:
- January 2008: Shares were sitting pretty at around $26.
- March 2008: The cracks started showing, with prices dipping to $22.
- November 2008: The crisis hit hard, and shares plummeted to $16.
So, if you were holding onto Westpac shares in 2008, you probably needed a strong cup of coffee (or something stronger) to get through it. But hey, at least it’s a great story to tell at parties—if you’re into financial horror stories, that is.
