Westpac Banking Corp shares down Wednesday, underperforms the Financials sector
Here is the latest company close update for Westpac Banking Corp, WBC.
Westpac
After playing defence, NAB’s new challenge is how to attack
NAB dominates a market that everyone wants a slice of. CEO Andrew Irvine will need to draw on every ounce of his banking experience to get bigger.
China’s stimulus packages suggests economic growth concerns: ANZ
China has cut interest rates and announced other economic boosters before its first trade talks with the US since US President Donald Trump’s sweeping tariffs in April. Local shares close slightly higher, bitcoin gains and the AUD is near US65c.
CBA in the spotlight after Westpac disappoints
Bank stock prices have been hitting it out of the park — but the first result of the reporting season reveals a gap between expectations and the hard numbers.
Westpac CEO’s nod to the past to make banking great again
The back-to-basics approach is a nod to Westpac’s golden era under chief executives Bob Joss and David Morgan.
Labor win an ‘enormous positive’ for Australia: Westpac boss
The big four CEO believes there are ‘many opportunities’ for Labor to drive the economy forward amid global uncertainty, and says Australia needs to reduce its reliance on China.
Major bank’s huge call on Trump
One of Australia’s big four banks says Australia is well placed to weather the storm coming from US President Donald Trump’s tariff policy.
Market turns lower; Rinehart rues Liberals’ Trump aversion
Top businesswoman says Liberal Party should have embraced more Trump-style policies, while businessman David Thodey laments Canberra’s lack of ‘vision and an industry strategy for Australia’ in more than 20 years.
Westpac warns of $140m profit hit
Westpac is to kick off a fresh bank earnings season, with analysts watching for commentary around margin pressures as rates fall.
‘Locked in’: Major bank’s big rate cut call
Households will get a rate cut in May regardless of April’s inflation reading, one major bank’s chief economist has boldly declared.
Finally, some good news as RBA tipped to cut rates in May
Economists are locking in forecasts for another interest rate cut by the Reserve Bank next month as the trade war sparked by US tariffs hikes threatens to derail the global economy.
May rate cut ‘locked in’; ASX plots strong finish before Anzac Day break
Westpac’s Luci Ellis predicts rate cuts in May, Aug, Nov. Miners lead local gains. Mixed Asian markets reflect Trump trade uncertainty amid softening stance on China.
Fugitive’s daughter breaks down in court
Lawyers for the daughter of the fugitive property tycoon say the case has “changed significantly” after a Westpac witness was called for evidence.
Major bank’s huge cash backflip
In a major win for cash advocates a big four bank has reversed its plan to close down three previously abandoned banking facilities.
Regulators turning the screws on RAMS
Westpac has moved to shut down RAMS, with concerns its lending subsidiary wrote bad loans now seeing the banking major embroiled in regulatory probes.
Westpac banking on the bush again
The banking major has admitted it got it wrong after shuttering its Moree branch, reopening the operation in a bid to expand bush business banking.
ASX 200 rebounds in best day in years; China slams Trump ‘blackmail’
ASX roars back to life in best day since November 2023. $A rose over 1 per cent after Monday’s meltdown. China slams Trump’s 50pc more tariff threat as Hong Kong hits out at ‘bullying’. Bets rise on 0.5pc RBA May rate cut.
Westpac jettisons legacy invoice lending ops
Westpac has relaunched its invoice financing operation as part of a push by its business bank to win commercial customers.
Westpac’s IT simplification project can’t go any faster
The banking major isn’t looking to rush its three-year technology transformation under new CEO Anthony Miller, who is standing by its 2028 target for untangling the IT mess.
Major bank reveals huge rate cut
A major bank has reduced its variable rates, as experts predict a ‘rates war’ between the big four lenders is about to heat up.
ASX 200 rally fades as Middle East flares again
NAB, CBA bosses detail housing crisis pain points. Hanwha seeks FIRB nod for Austal stake boost. Coal miner New Hope’s $100m buyback. Active Super members to bear greenwashing penalty burden.
Getting the band back together: Behind banking’s extraordinary day
A series of cascading executive moves in one day, including a high-profile defection, are reshaping the top of the nation’s banks.
NAB trades business banking boss for Canadian connection
The banking major is staring down competition from Westpac and CBA, which are vying for its top spot in business banking, where the profits are richer than home loans.
US Senate passes bill averting shutdown, after critical boost from Democrats
Chuck Schumer takes heavy criticism from fellow Democrats for backing GOP measure, which he called the better of two bad options.
Australia urged to remain calm on Trump tariffs
The chief executive of one of the country’s largest banks said Australia should remain calm and use the Trump tariffs to our advantage.
Engage with world rather than hit back at US, says Westpac boss
Westpac chief executive Anthony Miller says the best answer to Donald Trump’s tariffs is to engage more with the rest of the world, rather than a retaliatory response to the US.
Dutton calls on PM to sack Bowen ‘today’ after new power bill shock
The Opposition Leader says warnings that electricity prices are set to rise by up to 9pc show Labor’s renewables push is not working and Chris Bowen’s tenure as Energy Minister has been a ‘disaster’.
ASX dips; Aus should focus on Asia after US tariffs: Westpac
Australian stocks turn down after an early rise. Morgan Stanley cuts ratings on Australian stocks. Nine appoints Matthew Stanton as CEO. ACCC finds issues with DP World’s acquisition of Silk. Boss buys stake in uranium player.
New Westpac boss shakes up consumer bank
Westpac’s new CEO Anthony Miller is yet to completely lock down a new-look executive bench, but has moved to reorganise key parts of the bank’s consumer and business units.
Major bank to move 190 Aussie jobs offshore
Big four bank Westpac will cut 190 Australian jobs in its customer solutions division and move them offshore just days after announcing a bumper profit.
Original URL: https://www.theaustralian.com.au/topics/westpac