Westpac Banking Corp higher Wednesday, outperforms the Financials sector
Here is the latest company close update for Westpac Banking Corp, WBC.
Westpac
Westpac admits overcharging nearly 25,000 NZ customers
The banking giant faces a hefty fine after it misled NZ customers entitled to advertised discounts and overcharged some of them.
Major bank’s huge $6.35m error
A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
‘Team player’: Major bank’s CFO retires
Westpac has announced its chief financial officer is leaving the company just months after its chief executive announced his retirement.
Westpac looking for CFO as new boss settles in
An expected spate of executive changes at Westpac are set to occur after the bank’s CFO announced his plans to leave.
ASX 200 lifts; PEXA gains; Data#3 falls
Data#3 down after flagging Microsoft hit. PEXA soars on change of guard. BlueScope, BHP and Rio Tinto pick site for smelting pilot plant. House prices to stall next year: HSBC. Meta settles Aus privacy breach case.
Inside new Westpac CEO’s plan to rebuild the bank
Taking the reins of Westpac on Monday, one of Anthony Miller’s first tasks will be to visit call centre staff – who are the eyes and ears of the banking giant and hear exactly how customers feel.
Day one in the job and Westpac’s new boss prioritises simplicity
New Westpac chief executive Anthony Miller has prioritised technology in order to simplify the bank’s business and says a national effort’s needed to help Australians buy a home.
Westpac boss concedes more climate action needed
Westpac’s outgoing chief has told investors more needed to be done to tackle climate change as a coalition of shareholders demanded action at the AGM.
Big bank’s surprise call on cost of living
Westpac says the peak of the cost of living crisis could be behind us with the number of Aussies needing the bank’s help to pay their loans falling.
ASX 200 falls; DigiCo’s weak debut; Insignia, Iress top gainers
DigiCo flops on in subdued start to public life. Insignia considering Bain’s $4 per share bid. Iress promises to reinstate dividends. Rio to spend $US2.5bn on new lithium mine in Argentina. Premier’s FY25 start ‘challenging’. China stimulus talk disappoints
Westpac CEO: ‘Inflation fight is not over yet’
Anthony Miller warns cost pressures are still simmering through the economy and could change the timing for rate cuts.
Get ready for $650bn borrowing splurge
A four-year borrowing spree by governments is expected to reach levels typically experienced during economic crises, Westpac says.
Westpac chief audit exec flags plan to exit key role
Westpac’s chief audit executive has flagged his plan to exit the key role, just as the bank ramps up a key technology project and defends a Federal Court case brought by a senior staff member.
ASX 200 ends flat; CBA, Goodman up; ANZ, Platinum among big decliners
Ex-HSBC veteran Nuno Matos will be next ANZ CEO. Platinum crashes, Regal down after takeover talks end. CBA, Goodman jump. Star hits record low. Woolworths flags $140m hit from now-ended strikes. Sonic buying German lab group for $699m. GQG rises after canning buyback.
Westpac exec changes loom as new CEO takes control
Anthony Miller officially takes on the Westpac CEO role next week, which is likely to usher in a period of executive changes, including the expected departure of CFO Michael Rowland.
Award-winning SA winery’s huge debts revealed
The huge debt pile amassed by SA’s Fox Creek Wines in the lead up to its collapse has been revealed, as administrators search for a buyer to save the business.
Why women find small business funding not much fun
Almost three quarters of female small business owners believe there are gender biases when trying to get a loan. Here’s why.
Inflation key as Westpac pushes rate cut prediction to May
Economists are increasingly predicting an even later start to rate cuts, as the RBA needs more than one ‘good’ quarterly CPI outcome to be confident a decline in inflation is sustainable.
ASX 200 flat in choppy trade; I hate what I’ve done: MinRes boss
MinRes to exit/unwind Chris Ellison-linked deals. Westpac pushes RBA rate cut forecast to May. Pinnacle hits record. Dec listing for HMC’s big data fund. Accent smashed after margin drop. Shares in GQG down as it ‘monitors’ Adani bribery charges. Bitcoin hits $US95k.
Original URL: https://www.theaustralian.com.au/topics/westpac