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Westpac Banking Corporation

ASX Announcements

Update - Notification of buy-back - WBC

Daily Share Buy-Back Notice

Update - Notification of buy-back - WBC

Daily Share Buy-Back Notice

Update - Notification of buy-back - WBC

Daily Share Buy-Back Notice

Update - Notification of buy-back - WBC

Daily Share Buy-Back Notice

Update - Notification of buy-back - WBC

Daily Share Buy-Back Notice

View all WBC announcements

Today

CBA’s share price soared almost 25 per cent this year. But the country’s biggest bank has seen some $30 billion wiped from its market capitalisation since that peak in June.

Big bank stocks have a week from hell as CBA slide nears 10pc

Is the gloss finally coming off? Fund managers have long expected a gravity-defying rally to reverse but do not expect shares to fall too far, investors warn.

This Month

The KPMG head office in Barangaroo, Sydney. The firm is chasing big audit contracts including at Macquarie.

From Seek to Wesfarmers, major audits up for grabs as firms circle

Some of the market’s most lucrative and long-held contracts are being fought over as professional services rivals try to nab millions of dollars in new work.

Yoga, isolation or a ‘shadow’ board? How economists predict RBA calls

The art of forecasting what the central bank will do with interest rates is a difficult one and, it turns out, everyone has a different approach.

KPMG Australia CEO Andrew Yates at a hearing of the Senate inquiry.

KPMG CEO activates his sleeper agents

Andrew Yates’ audit division is on a hot streak. Former KPMG operatives keep showing up at the board table.

Then-NAB CEO Ross McEwan and his successor Andrew Irvine at the Australian Open women’s final in 2023.

NAB chief’s drinking a joke at staff Q&A

Andrew Irvine was asked for a resolution at a staff town hall last year.

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Viridian founder Glenn Calder

Viridian using ‘no dickheads’ scale to rate financial advisers

The advisory will likely be snatched by US private equity shop TA Associates. Will the firm’s innovative pay characterisations survive the acquisition?

Assistant RBA governor Brad Jones has announced big name participants in Project Acacia.

CBA teams up with JP Morgan for blockchain-led funding market trials

The lender is one of three major banks to sign on to the RBA’s trial of a central bank digital currency and settlement systems that could speed up transactions.

Investors are chasing rising bitcoin prices, and expect the exuberance to continue.

Fundies could face fee threat if super funds rethink equities mandates

Carving out CBA and other bank shares from industry funds’ active, fee-paying mandates means they cannot be underweight the ASX’s largest financial stocks, writes Joyce Moullakis.

Mortgage brokers’ growing power puts big banks on notice

Major lenders face an uphill battle to win back market share from the industry, which is now arranging about three-quarters of Australia’s residential loans.

An auction in Sydney’s inner west at the weekend. Banks say borrowers are not rushing to reduce their repayments despite broader cost of living pressures.

Banks say borrowers aren’t reducing home loan repayments as rates fall

Three major lenders say only one in 10 customers are asking to pay less, a blow to retailers who have hoped the RBA’s moves would stimulate sluggish spending.

Reserve Bank of Australia governor Michele Bullock has switched from reluctant to willing cutter.

Will the real Reserve Bank governor please stand up

The RBA will almost certainly cut interest rates on Tuesday. But we don’t know which version of Michele Bullock will appear to explain the decision.

Carolyn McCann.

Carolyn McCann firms as Miller’s pick to run Westpac’s retail bank

The bank’s long-serving customer and corporate affairs chief is a frontrunner to permanently lead the major division after the departure of Jason Yetton.

June

The markets have had a good year despite the turmoil, with the ASX 200 up around 10 per cent.

The ASX’s bumper year makes for bullish investors (despite the chaos)

The local sharemarket has closed 10 per cent higher for the year, its best performance since the pandemic rebound in 2021. Fund managers are hoping for more.

TA Associates dealmaker Ed Sippel.

TA Associates swoops on stake in ex-Westpac advice business Viridian

It spells a payday for Melbourne’s Viridian Advisory, which shot to prominence six years ago when it acquired Westpac’s advice books in the royal commission’s aftermath.

ANZ CEO Nuno Matos will seek to preserve capital, say UBS analysts.

ANZ cut to ‘sell’ as brokers darken on big four banks

UBS is the latest broker to slap a sell rating on a major Australian bank, telling clients to avoid the cheapest major lender at current levels.

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eforestation on a property in the Southern NSW Mallee Key Biodiversity Area, in the Murray Darling Depression bioregion of south west NSW. National Australia Bank has a mortgage on the property.

Environmentalists accuse major banks of financing deforestation

The Australian Conservation Foundation said it used satellite imagery and land titles to connect properties where loans had been made and suspected clearing had occurred.

Simon Birmingham is the new ABA chief executive.

Simon Birmingham named chief executive of Australian Banking Association

The former senior Coalition government minister will take over from Anna Bligh, who has run the powerful lobby group for more than eight years.

Tan Su Shan, CEO of DBS, the biggest bank in Singapore and South-Asia, during a visit to Sydney this week marking its 10th year in Australia and a new deal with Austrade.

Singapore’s DBS Bank throws down gauntlet to ANZ

The new boss of the biggest lender in South-East Asia says Australian companies should take AirTrunk’s lead and be more ambitious about regional expansion.

Guy Debelle has been co-chair of the ASFI Taxonomy Technical Body for the past 20 months.

Miners set for green investment boost from new classification system

New guidelines developed with Treasury will help banks and super funds reduce greenwashing by classifying economic activity based on its emissions profile.

Adam Penny is returning to Westpac.

Westpac plunders more talent from CBA in business deposits push

Westpac wants to improve its standing in business deposits, where it trails in third place in terms of market share.

Original URL: https://www.afr.com/company/asx/wbc