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Interest rate computer glitch costs Westpac over $1m a day

2015-07-27 17:14:41| Automakers - Topix.net

Westpac is not currently able to follow its rivals and boost rates for investors due to complexities in its IT systems. Westpac Banking Corp is missing out on $1 million a day that its competitors are now creaming from landlords because its computer systems will not allow it to charge differing interest rates.

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