Mysterious departure of two key banking directors
Westpac chair Steven Gregg has some explaining to do at the AGM after noting in his annual report two of four directors would renominate – but they have now stepped down.
Westpac
Westpac Banking Corp underperforms Wednesday, when compared to competitors
Here is the latest company close update for Westpac Banking Corp, WBC.
Westpac demands Meta does more to combat scammers
Westpac has identified groups openly offering on Facebook to sell stolen bank login information but, despite reporting the pages to Meta, nothing has been done.
Why golf has returned to the fore for deal makers
Former Westpac executive Raj Narayan banked on a post Covid-19 thaw to return business dealing to the nation’s fairways when she set up Emajin Golf – and she hasn’t looked back.
Insignia reveals grand plan to be No.1 in the platform sector
Insignia Financial boss Scott Hartley says his business can push aside Macquarie Group and Westpac to take the mantle as Australia’s biggest player in the platform sector.
Westpac board takes gender hit as two female directors exit
Westpac’s board is losing half of its female directors, two days after the lender said they would stand for re-election.
Bad borrowers go missing in Westpac results
Mortgage delinquency rates may be getting worse, but Westpac says its latest set of results show this time may be different, with bad borrowers gone from the big four bank’s loan books.
The two decisions that stand to shape Westpac’s future
Peter King’s time at the banking major was never going to be marked by transformational deals. Rather it involved relentless fixing of long-term problems.
Westpac’s brutal call on rates
Westpac has flagged the majority of mortgage holders don’t need a rate cut, as they have become accustomed to higher interest rate payments.
Westpac sees better economic times ahead
Westpac believes Australia’s economy will soon turn the corner on its gloomy conditions, as the big four bank unveiled a $7bn full-year profit.
ASX 200 up; MinRes dives on Ellison ‘mistakes’
MinRes takeover/break-up not ruled out as billionaire boss Chris Ellison’s exit plan takes shape. AFP enter PwC Australia offices as part of confidential breach probe. Westpac down on dividend miss, high costs.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
Herbert the interim chief for Westpac unit
Peter Herbert will be appointed interim head of Westpac’s business lending arm.
Banks clash on loan rules amid housing shortage
CBA and Westpac say current settings are appropriate as NAB and the ABA call for changes to the serviceability buffer.
Richard White to stand down as WiseTech CEO
ASX 200 slips in cautious trading. WiseTech CEO resigns. CBA, Westpac rebuff flexible serviceability buffer call for home loans. Weak quarter weighs on Reece, Fortescue and Brambles. Super Retail tried to settle claims ahead of court fight. HMC lines up data play with $2bn Global Switch deal.
New Westpac chief’s laundry list is fraught with risk
There’s a long list of items for the incoming Westpac CEO to address such as locking down an executive team and ensuring the bank’s risky technology overhaul is well executed.
Major banks hit by outage
Westpac, St George and two regional banks have been hit by an outage affecting app access and online banking, with Aussies left unable to access their money.
Westpac wins fight against ‘audacious’ Forum fraud
A court has found four key figures linked to a former Sydney equipment financing business engaged in Australia’s largest ever bank fraud, writing more than $500m in fake leases.
AMP may look to asset swap with Westpac
The $3.4bn financial firm AMP Capital announced on Thursday it had finalised its promised plan to return $1.1bn worth of capital to its shareholders, so what does it do next?
Major bank’s huge move on cash
One of Australia’s major banks has cut against the grain in the age of digital wallets and will no longer offer a key service, claiming declining interest.
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