Peter King
Updated
Executive shake-up
Westpac to shift gears on business banking, new CEO says
Incoming CEO Anthony Miller sees opportunities for growth in the agriculture, education, professional services and healthcare sectors.
- by Sumeyya Ilanbey
Latest
Westpac boss predicts soft economic landing despite customer stress
Westpac boss Peter King says the economy is on track for a soft landing, even as customer stress has ticked up, and the bank posted a drop in profits.
- by Millie Muroi
Opinion
Big four
The mortgage cliff that never happened
Most Australian borrowers are managing financial stress, but rather than a disaster averted it’s evidence that the sky was never falling.
- by Elizabeth Knight
Westpac reshuffles the pack as top executive exits
Chief executive Peter King said the bank wanted to sharpen its focus on business and consumer banking as he unveiled a new structure.
- by Clancy Yeates
CBA’s Matt Comyn warns full rate-rise hit yet to come
The head of the banking giant says there will be more pressure on households over the next six months, as past rate rises flow through to customers accounts.
- by Clancy Yeates
Westpac steps back from mortgage war to shield returns
Westpac boss Peter King says the bank is prepared to sit out the fierce competition in home loans and focus more on business lending.
- by Clancy Yeates
‘Very blunt tool’: Westpac boss says rate rises hit some Australians harder
As the RBA is expected to raise rates yet again on Tuesday, Westpac chief executive Peter King has a stark warning. Meanwhile, the bank’s top economist suggests the next budget should include handouts for struggling households.
- by Clancy Yeates
Economic downturn will be manageable for bank, says Westpac CEO
Peter King, who runs Australia’s second-largest mortgage lender, signalled one of Westpac’s top concerns was how customers handled rising interest rates and higher unemployment.
- by Clancy Yeates
Updated
Executive shake-up
‘We can’t win’: Westpac chairman defends climate stance, flags exit
Westpac chairman John McFarlane defended the bank’s fossil fuel lending policies as he announced he would retire next year after a period of restructuring.
- by Clancy Yeates
‘You can’t be responsible for everyone’s decisions’: Westpac boss pushes back on scam reimbursement
Westpac’s chief executive Peter King says while the bank is happy to reimburse some scam victims, customers also had to take some responsibility for bad decisions.
- by Clancy Yeates
Updated
Earnings season
Westpac boss flags mortgage stress risk as profits fall to $5.3b
Westpac chief executive Peter King says sharply higher interest rates, energy and food costs will force some customers to seek help with their mortgages.
- by Clancy Yeates
Original URL: https://www.smh.com.au/topic/peter-king-1nbd