Westpac Banking Corp outperforms Wednesday, when compared to competitors
Here is the latest company close update for Westpac Banking Corp, WBC.
Here is the latest company close update for Westpac Banking Corp, WBC.
In a major win for cash advocates a big four bank has reversed its plan to close down three previously abandoned banking facilities.
Westpac has moved to shut down RAMS, with concerns its lending subsidiary wrote bad loans now seeing the banking major embroiled in regulatory probes.
The banking major has admitted it got it wrong after shuttering its Moree branch, reopening the operation in a bid to expand bush business banking.
ASX roars back to life in best day since November 2023. $A rose over 1 per cent after Monday’s meltdown. China slams Trump’s 50pc more tariff threat as Hong Kong hits out at ‘bullying’. Bets rise on 0.5pc RBA May rate cut.
Westpac has relaunched its invoice financing operation as part of a push by its business bank to win commercial customers.
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.
A major bank has reduced its variable rates, as experts predict a ‘rates war’ between the big four lenders is about to heat up.
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.
A series of cascading executive moves in one day, including a high-profile defection, are reshaping the top of the nation’s banks.
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.
Chuck Schumer takes heavy criticism from fellow Democrats for backing GOP measure, which he called the better of two bad options.
The chief executive of one of the country’s largest banks said Australia should remain calm and use the Trump tariffs to our advantage.
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.
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’.
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.
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.
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 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.
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.
Banks weighed on the ASX on Monday with disappointing earnings updates from Westpac and Bendigo Bank pushing the index to the red.
A major Australian bank has posted a massive three-month profit as it expects one thing to rise in the coming months.
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.
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.
Westpac customers are being urged to remain ‘vigilant’ for scams after its online banking services faced widespread outages.
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.
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.
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 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.
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.
Original URL: https://www.theaustralian.com.au/topics/westpac