Westpac Banking Corp shares down Friday, underperforms the Financials sector
Here is the latest company close update for Westpac Banking Corp, WBC.
Westpac
Westpac ‘resisted’ responding to bullying: Rams whistleblower
In her lawsuit against her employer, a Westpac risk officer alleges executives bullied her and failed to act on concerns which she raised about its home loans arm, Rams.
Bank predicts bad news for homeowners
Struggling mortgage holders may have to wait a little longer for interest rate relief, a big four bank’s economist warns.
ASX 200 turns lower; Cettire at record low
Cettire hit by US tariffs, lux market woes. Energy producers lift on oil price jump. Westpac tips two RBA rate cuts in 2026. Cochlear downgrade weighs. ASX warns on rising costs, tweaks guidance.
ASIC says liar loans, fake forms rife at Westpac’s rogue RAMS
The corporate regulator alleges Westpac’s home lending subsidiary RAMS had a culture of falsifying documents to get loans over the line, with franchisees incentivised to write them and no way of addressing misconduct.
‘Nothing to be happy about’ after weak GDP data; CBA hits record
CBA hits high of $181.39. Slow economic growth undershoots forecasts. Mixi lifts PointsBet bid amid due diligence by rival suitor Betr. Star accused of breach of money laundering laws.
CBA hits record; wage rise ‘modest drag’ on inflation
RBA well placed to ‘respond decisively’ to international developments. Fair Work Commission grants above-inflation 3.5pc wage rise. NAB cuts economic forecasts. IDP Education dives 46 per cent.
The banking revolution is coming, under the pretence of AI
Australia’s big banks are preparing management for fundamental and unprecedented change. Part of it will involve facing the mistakes of previous CEOs.
WiseTech lifts on US buy; Trump order fires up uranium stocks
Investors back WiseTech’s $3bn e2open deal. No taxpayer bailout for Healthscope: Butler. Deep Yellow, Paladin, Boss top gainers on US president’s nuclear focus. AUD at six-month high as US dollar falls. Miss on earnings weighs on Elders.
Aussie bank chief’s brutal Trump call
One of Australia’s leading economists has called out US President Donald Trump’s tariff policy and given a reason why it won’t work.
Westpac job cuts: Union ‘blind-sided’ by reports 1500 face axe
The Finance Sector Union says it was blindsided by Westpac’s plans to slash hundreds of jobs – the same year it posted a $7bn profit – calling on its boss to immediately shelve his cost cutting plans.
Big bank to cut 1500 jobs in huge cull
One of Australia’s biggest banks is reportedly about to swing the axe on an estimated 1500 jobs in a massive redundancy cull.
Australia slow to embrace AI, but Westpac pulls trigger
The re-election of the Albanese government, quickly followed by a rise in union militarism armed with the industrial relations legislation has fired the starter’s gun on a huge AI rollout.
Reject Shop $259m takeover ‘fair and reasonable’; Mathieson backs board at under-fire Mayne
Investors boost bourse after RBA’s second rate cut this year. CBA powers to new record. Environment Minister Murray Watt says Woodside extension call coming by end of month. Nufarm tanks. Westpac job cuts may boost profits by $725m.
Westpac claws back more money in Bill Papas fraud chase
Westpac is intent on clawing back every dollar it can, with its financial bloodhounds slowly closing in on another asset of the two fraudsters who made off with $500m.
The ‘welcome home’ stimulus is a double-edged sword
Rich Australians are coming back home, investing in real estate and buoying struggling builders. The government simply must not waste this opportunity.
Private credit market where our growth is, says Westpac
The growing financial market of private credit offers Westpac an area of growth while at the same time distributing risk, says its institutional bank chief.
CBA cuts Aus economic growth forecast; Woodside under pressure
Banking giant trims Australia’s GDP growth forecast. Nearly 20 per cent of Woodside investors reject election of climate director. BlueScope warns of an inflation jump from President Trump’s tariffs as he spruiks deal with the UK. Aussie dollar in demand.
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.
Original URL: https://www.theaustralian.com.au/topics/westpac