Sam Stubbs: Simplicity Founder - Westpac NZ's annual profit rockets up by 56% to $1.01b

Westpac New Zealand's cash earnings shot up by 56 per cent to $1.01 billion in the year to September, boosted by a $404 million turnaround in asset impairment charges.  Net interest income benefitted from a 3 basis point increase in margins and...