Westpac buys Lloyds’ Australian assets for $1.37 bln

Westpac buys Lloyds’ Australian assets for $1.37 bln
Westpac buys Lloyds’ Australian assets for $1.37 bln (via AFP)

Banking giant Westpac on Friday said it is buying Lloyds Banking Group’s Australian businesses for Aus$1.45 billion (US$1.37 billion), the Australian lender’s largest acquisition in five years. Under the deal, the country’s second biggest bank by market…

Greenlight breaks even for Q1 after damage to its short book [Full Letter]

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasDavid Einhorn's Greenlight Capital was down 0.1% for the first quarter, underperforming the S&P 500's 6.2% return. In their letter to investors, which was reviewed by ValueWalk, the Greenlight team said a lot happened during the first quarter even though they made just a handful of changes to the portfolio and essentially broke even. Q1 Read More


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