ASX Announcements
Update - Notification of buy-back - WBC
Daily Share Buy-Back Notice
Westpac appoints new Chief Financial Officer
Company Administration - Other
Westpac Settles Auto Finance Class Action
Legal Proceedings
Security holder details - Other, Issued Capital - Other
Initial Director’s Interest Notice
Yesterday
CBA, NAB chief executives prepare for long-term Trump disruptions
Matt Comyn and Andrew Irvine offer a view of an uncertain environment where upheaval could create big productivity gains – or cause serious harm.
APRA warns of ‘international upheaval’ in lending rules
The prudential regulator’s chairman John Lonsdale said it was unlikely that Australia would follow the US in moderating the requirement to hold capital.
AI squeezes the juice from data to stop scams
The technology can find patterns with greater accuracy and identify potential fraudulent transactions faster than any human.
Bank innovations a slow and steady process
The big four know they must respond to the rapid changes introduced by start-ups, but modernising respected financial institutions is a tall order.
AI agents the new frontier in digital banking
The new wave of digitisation is overhauling digital banks, but experts warn that differentiation will be increasingly difficult to achieve.
Banks brace for AI-powered digital revolution
The sector must confront the twin challenges of dealing with their legacy systems and developing a tech-savvy workforce.
This Month
NAB captain’s pick can’t make up for CFO’s shock departure
It’s one in, one out for NAB boss Andrew Irvine as he seeks to prove himself as a top Australian chief executive. Investors are wary.
ASX a sea of green; Westpac poaches NAB’s CFO; PE takes a beating
Read everything that’s happened in the news so far today.
Westpac poaches NAB’s CFO, adding another Goldman alumni to its ranks
Nathan Goonan is leaving National Australia Bank at the same time as long-time executive and the head of its business banking division, Rachel Slade.
Donald Trump delivers the 60/40 strategy’s biggest test in decades
For years, balancing stocks with bonds was a comforting failsafe for investors. The tumult gripping Wall Street has created questions about its effectiveness.
Power bills to surge; US slams ‘dumpers’ Australia; Trump blasts Irish over trade
Read everything that’s happened in the news so far today.
RBA alarm over banks’ plans to shut key payments system
The Bulk Electronic Clearing System, which handles almost $18 trillion in payments, is being replaced. But the troubled transition has the RBA worried.
The four actor ‘tricks’ giving executives more confidence
A university course run by actors is teaching executives how to communicate with a rock-star presence.
Banks deploy mobile branches, generators to cyclone zone
Major banks have sent mobile banking units powered by their own diesel generators to Brisbane, after Armaguard halted cash deliveries to ATMs due to high winds.
Westpac’s head of retail banking to depart
Jason Yetton’s exit comes after the company last year appointed his leadership rival, Anthony Miller, as its chief executive.
First lady of wind power leans in to discomfort
Failure, courage and empathy are the secret to success of these executives in energy and sustainability.
This young commodity trader learnt from Macquarie’s $58m man
These two women are on their way up in the world of banking, in small part thanks to some pointed words of encouragement and extremely relevant advice.
Short sellers ditch CBA as sell-off doubts mount
Investors have exited short positions worth $2.2 billion in Commonwealth Bank, as some betting on a long-anticipated de-rating have their patience tested.
February
Postie may come every three days if letters keep dying
Daily letter deliveries are a thing of the past and could fall further, but Australia Post has posted a healthy profit and looks set to expand its deal to provide rural banking.
Big banks won’t automatically lower repayments after rate cut
NAB, CBA and ANZ require customers to “opt in” to get a reduction in monthly repayments, as lower interest rates were applied on Friday.