February 2023
Veteran investment banker scores near $30m for Bellevue Hill home
Newly appointed Westpac board member and former chairman of investment banking at Goldman Sachs Australia Tim Burroughs has sold his Sydney home for around $30 million.
December 2022
Franking changes to hit capital raisings in stress event: Westpac
Australian banks will press government to ensure proposed changes to the franking credits regime do not impact their ability to raise capital if there is a shock to the financial system, Westpac chief executive Peter King said.
December 2020
Westpac wins over shareholders after scuttling bonuses
Westpac has avoided an embarrassing third consecutive rejection of its remuneration proposal with 97 per cent of votes cast in favour.
September 2020
Westpac's $1.3b fine a 'wake-up call' for all banks
Christian Porter says the bank's initial offer to settle the case for $900 million reflected 'a lack of appreciation' for the seriousness of 'some of the greatest failings of a corporate entity in Australia's history'.
Pat Regan's run ended with brutal own goal
Pat Regan was as at home on the soccer pitch as he was in the rough and tumble of the insurance sector, where he won praise for straightening QBE out.
July 2020
McFarlane warns red tape could choke off recovery
Westpac's new chairman, John McFarlane, is wary that regulations are making it 'genuinely difficult for banks to lend now'.
Westpac appoints KPMG partner as new CFO
The big four bank has appointed senior partner Michael Rowland to the position as it prioritises stability over growth.
June 2020
Boards not blameless on expectation gap
Boards are dealing with an unprecedented level of community expectation, scrutiny and regulation. But in part, this is because of their own performance.
May 2020
How Westpac threw a spanner in the wealth-exit works
The big banks are learning that getting out of wealth management is a lot harder than it was getting in, and the WEXIT web remains as tangled as ever.
April 2020
Westpac appoints Peter King CEO on $2.4m salary
Westpac chairman John McFarlane appoints Peter King CEO on a base salary of $2.4 million and the prospect of bonuses worth another $6.8 million.
January 2020
Why McFarlane will look outside Westpac for new CEO
John McFarlane's focus will be picking a new CEO for Westpac. His last two chairmanships suggest he'll look outside the bank.