Westpac

UPDATEDMarket data

Westpac Banking Corp shares down Tuesday, underperforms the Financials sector

Here is the latest company close update for Westpac Banking Corp, WBC.

Sayee Shree Ravi Sankar

commentaryCommentary

Tame inflation? We’re due a strong dose of fiscal medicine

Labor should be aiming at something shy of austerity to put a brake on the highest spending per GDP since World War II.

Simon Benson

financeBusiness Breaking News

ASX snaps four-week losing streak

Major banks dragged down Friday’s trading but could not derail Aussie shares from posting their strongest weekly gains in months.

Cameron Micallef

SPONSORED CONTENTSponsored Content

Bank transaction data selling Western Sydney International Airport to global airlines

Data analytics has exposed Western Sydney as Australia’s third-largest economy, with residents matching greater Sydney’s $950 travel spending despite being consistently overlooked by airlines.

TIM JOHNSTON

SPONSORED CONTENTSponsored Content

Diversity driving creativity and ingenuity at Westpac’s tech hub

A major bank’s unconventional hiring strategy has delivered productivity three times higher than overseas suppliers while challenging the tech industry’s gender imbalance.

Tim Johnston

SPONSORED CONTENTSponsored Content

New model will tailor banking services to community needs

A banking executive argues that 96 per cent of transactions now happen digitally but regional communities still need human connection for major financial decisions.

Peta Ward

Trading DayTrading Day

Australia should be an ‘energy superpower’: NAB CEO

ASX closes 0.3 per cent lower, hurt by banking and technology stocks. National Australia Bank boss Andrew Irvine says Australia should be an ‘energy superpower’, as he bemoans the ‘vilification’ of gas. DroneShield dives 20 per cent after US boss quits.

BankingBusiness

Bank bosses call for ‘level playing field’ with tech giants

Commonwealth Bank and Westpac bosses have demanded regulatory reform as global tech companies gain unfair advantages over Australian banks.

Max Aitchison

SPONSORED CONTENTSales Sponsored

From farm to finance: A new path for country kids

Westpac’s agribusiness manager Eliza Smith has gone from farm girl to financial adviser, helping rural families navigate their futures from their kitchen tables.

SIAN POWELL

SPONSORED CONTENTSales Sponsored

Bank on it: Inside Westpac’s storied 200-year history

Australia’s first bank began in a modest Sydney house in 1817, transforming from a gold-buying operation dodging bushrangers to become the nation’s longest-running company.

Sian powell

SPONSORED CONTENTSales Sponsored

Westpac chief outlines plan for next-gen cities

Australia needs to build the next generation of major regional cities or risk watching its capital cities buckle under population pressure, warns banking chief.

PAUL FOWLER

UPDATEDBusiness Breaking News

Major bank’s huge call on house prices

In an extraordinary exchange, Westpac’s boss has insisted the bank doesn’t necessarily make more money when Australians take out bigger mortgages.

Cameron Micallef

UPDATEDBusiness Breaking News

Major bank’s huge call on house prices

In an extraordinary exchange, Westpac’s boss has insisted the bank doesn’t necessarily make more money when Australians take out bigger mortgages.

Cameron Micallef

regional branch pledgeNation

Westpac ready to bankroll PM’s critical minerals revolution

Westpac is aiming to bankroll Australia’s critical minerals and rare earth expansion while being willing to increase its exposure to gas if it is in the ‘national interest’.

Greg Brown

NEWSBreaking News

Big bank’s $50m underpayment shock

The multi-year underpayments breakdown hit everything from leave payments and superannuation to meal allowances.

Duncan Evans

EXCLUSIVEFinancial Services

Westpac backpays $50m to 47,000

The bank has also made a record high $800,000 “contrition payment” to the commonwealth.

Ewin Hannan

Business Breaking News

‘Ominous sign’: Major bank move on rates

A big four bank is lifting fixed interest rates in an “ominous sign” for all mortgage holders.

Cameron Micallef

Financial ServicesFinancial Services

ANZ, Westpac accused of fossil-fuel finance ‘greenwashing’

Commonwealth Bank and NAB have slashed their fossil-fuel project funding, while ANZ and Westpac have continued to pour billions of dollars into major polluters, a damning report claims.

Max Aitchison

Remote workBusiness

Westpac boss lashes Victoria’s work from home laws

Chief executive Anthony Miller has taken aim at the Allan government’s move to legislate the right to work from home, saying it should be left to business to find the balance on remote working.

Cliona O'Dowd

Workplace tussleNation

Westpac won’t appeal pivotal WFH ruling

Legal experts say the Fair Work decision is a ‘wake-up call’ for bosses campaigning for a return to the office.

Ewin Hannan

CommentaryCompanies

Rivals are starting to build a bridge over NAB’s moat

For Andrew Irvine, there’s plenty at stake. The CEO doesn’t want it to be on his watch that NAB loses leadership in a market it has dominated for decades.

Eric Johnston

ExclusiveCompanies

Westpac banker buys $23m mansion of Wilkinson, FitzSimons

The bank’s head of institutional banking has emerged as the mystery buyer of Peter FitzSimons and Lisa Wilkinson’s landmark harbourfront mansion in Sydney.

Lisa Allen

Financial ServicesFinancial Services

Banks must review work-from-home policies: FSU

Australia’s banking giants have been put on notice over their return-to-office mandates after Westpac’s landmark court defeat, with the FSU declaring ‘flexibility is not a privilege’.

Max Aitchison

Legal affairsLegal Affairs

Fruit stand boss loses appeal over role defrauding Westpac of $15m

Sahar El-Ahmad has lost her appeal against a ruling she played a key role in helping a couple defraud Westpac out of $15m through their Western Sydney fruit stand.

Max Aitchison

newsBusiness Breaking News

Westpac boss’ huge call on WFH case

Westpac’s chief executive has defended the bank’s WFH policy in the wake of a bruising loss at the Fair Work Commission.

Hannah Moore

Financial ServicesFinancial Services

WFH policy ‘is right’ despite Fair Work finding, Westpac insists

Fresh from losing a seismic Fair Work case over the right of staff to work from home, Westpac chief Anthony Miller has defended the lender’s policy of two days a week in the office.

Max Aitchison

CommentaryFinancial Services

Can Westpac’s Anthony Miller turn three banks into one?

A minor tweak to the first-home buyer scheme cost Westpac $17m which was three times what it should have. It reveals how complexity is strangling the banking major.

Eric Johnston

BankingFinancial Services

Westpac CEO calls for more $500k homes to be built

Australia needs more homes priced at $500,000 to match the borrowing capacity of average wage earners now locked out of the property market, Westpac chief says.

Max Aitchison

BankingFinancial Services

Westpac CEO spruiks streamlining mission as profits fall

Amid fierce competition and rising costs, Westpac’s annual profit has slipped to $6.92bn as the banking major tries to streamline its mortgage offering from three systems to one.

Max Aitchison

Trading DayTrading Day

ASX finished slightly higher in choppy session

The sharemarket closed fractionally higher as investors ditched health care and property stocks. However, Westpac gained ground along with its peers. Insurer Steadfast continued to come under pressure.

Lilly Vitorovich

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Original URL: https://www.theaustralian.com.au/topics/westpac