Westpac Banking Corp higher Wednesday, outperforms the Financials sector
Here is the latest company close update for Westpac Banking Corp, WBC.
Westpac
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.
Westpac sends jobs to Manila
Westpac is to move almost 200 jobs in SA and NSW to The Philippines, sparking condemnation from the Finance Sector Union, which claimed workers held concerns about the security of customer data.
RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.
Westpac, Bendigo drag down ASX
Banks weighed on the ASX on Monday with disappointing earnings updates from Westpac and Bendigo Bank pushing the index to the red.
Big bank posts eye-watering profit
A major Australian bank has posted a massive three-month profit as it expects one thing to rise in the coming months.
Westpac warns of rising unemployment
One of Australia’s big four banks thinks GDP will track sideways over the coming two years, with unemployment expected to lift from its current low levels.
ASX pares losses; Bendigo Bank, Westpac lead bank falls
Margin pressures dent Westpac, Bendigo Bank earnings. BlueScope, A2 Milk lift on results beat. Star investors buoyed by new financing offer from Oaktree. Audinate leaps as cost controls improve earnings.
Relief for millions of Westpac customers
Westpac customers are being urged to remain ‘vigilant’ for scams after its online banking services faced widespread outages.
ASX sets record close despite pullback; HMC confirms Healthscope talks
David Di Pilla-led HMC eyes Brookfield-owned hospitals operator. Cochlear falls on trimmed guidance. Dividend disappointment weighs on AMP. GFG Alliance puts NSW coal mine on the block in debt plan. Mirvac soars on return to profit.
Second major bank cuts interest rates
Another of Australia’s big four banks has cut interest rates for one group of borrowers, ahead of the RBA’s highly anticipated February meeting.
ASX 200 down as Trump tariffs loom; tech sector hit
Steel, aluminum producers mixed after latest Trump tariff threat. Is JB Hi-Fi topping out? Car Group, JB Hi-Fi and WiseTech leading losses. In contrast, Star and Ansell find support.
ASX treads water before US jobs data; CBA and Westpac hit highs
ASX ends flat as markets await key US jobs numbers. CBA and Westpac hit record highs and NAB an 18-year high. Domino’s jumps 21 per cent, as Collins Foods and Nick Scali also gain. Amazon falls after earnings disappoint.
Westpac reveals the identity of its new business boss
The banking major is still to announce a chief financial officer or human resources boss, as new CEO Anthony Miller makes his mark on the executive make-up.
ASX 200 ends flat as China retaliates to US tariffs
Australian stocks end flat, Aussie dollar dives 0.9 per cent as rebounds halted after US tariffs on China go ahead and China retaliates. Woolworths, Westpac announce leadership changes. Nine remains in ‘difficult position’: UBS.
‘It’s on’: Major bank expects Feb rate cut
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
‘It’s on’: Major bank expects Feb rate cut
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
Trump bumps and bluster leave markets guessing but hopeful
Markets are optimistic about the outlook for Trump’s policies, although a strong dollar and higher interest rate could eventually challenge US ‘exceptionalism’, says Westpac’s Luci Ellis.
Original URL: https://www.theaustralian.com.au/topics/westpac