Westpac share price drops as CIO retirement news lands ahead of CBA results
Westpac shares fell 1.8% to A$39.28 after the bank announced CIO Scott Collary will retire later this year. The decline came as major banks eased ahead of Commonwealth Bank’s earnings report on Wednesday. Consumer sentiment dropped to a 10-month low, and household spending slipped 0.4% in December, official data showed.