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Banks down on Westpac (ASX:WBC) report: ASX closes 0.3% higher

04 Nov 2019 – The ASX closed 0.3% higher. Banks didn’t fare so well though. Westpac (ASX:WBC) reported a 15% slump in full-year profit, a cut to its dividend and announced they want to raise $2.5 billion in capital. This news sent NAB’s (ASX:NAB) shares down. And Collins Foods (ASX:CKF) has been served with Federal Court proceedings by Taco Bill Mexican Restaurants.

Source: Finance News Network

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