Why Shares of Westpac Banking Corp Are Falling This Week
Shares of the Australian bank Westpac Banking Corp (NYSE: WBK) had fallen nearly 13% on the week, as of market close Thursday. The net interest margin fell on a year-over-year basis. Net interest margin is essentially the difference between what banks make on interest-earning assets, such as loans, and payout on interest-bearing liabilities, such as deposits.