ASX 200 at 11-month low as bond yields surge
Qantas hits 11-month low, warns against review of Qatar flights decision. Pubs billionaire wants Endeavour AGM delayed. Liontown up on Rinehart stock grab.
Westpac
An October RBA cash rate pain predictor
Prognosticators from the likes of T. Rowe Price, Westpac, AMP Capital and CBA say recent statistics point to the RBA staying on hold on Tuesday. What about beyond then?
Major cash change for big four bank
Bank customers will have easier access to their money as one major bank expands its cash transaction options.
Banks warn against ‘enshrining old practices’
Major bank bosses facing a grilling over branch closures in rural Australia are warning against mandates in a changing world.
Westpac inches closer to its McFarlane moment
A new chair will have to decide whether to go with an internal contender or look outside the bank to eventually replace chief Peter King.
NAB to wind down Hong Kong operations
NAB says it will serve corporate and business clients from other regional branches, while Westpac has announced plans to ‘uplift’ its transactional banking.
Pain at the pump as fuel prices soar
Petrol prices back above $2 a litre is the latest financial blow to families struggling to manage their budgets, as analysts warned there was little relief in sight for motorists.
Big bank’s surprise move for homeowners
One of Australia’s biggest banks has announced a shock move for its interest rates.
Family finances under ‘intense pressure’
Australian families are more worried about the state of their household budgets than at any other time in the past three decades, Westpac’s latest sentiment report has revealed.
ASX rises, consumers hurting
Mining and health care gains offset energy and financial falls. Consumer confidence falls 1.5 per cent, but uptick in business conditions. Liontown dips after Gina Rinehart’s share raid.
Bank sued over treatment of most vulnerable
One of Australia’s biggest banks has been taken to court after failing to respond to customers who said they were in financial hardship.
ASX 200 ends flat; RBA holds rates
Outgoing RBA boss Philip Lowe’s last rates call is no change. Eraring extension deal coming for Origin. Qantas down as Vanessa Hudson steps up. Chalice tanks.
Westpac sued for financial hardship failures
The lawsuit comes while CEO Peter King has repeatedly told customers he wants to hear from them as soon as they feel they are struggling with repayments so the bank can help.
Rates on hold until late 2024 tips veteran economist
Well-respected economist Bill Evans believes interest rates will remain on hold until late next year when home borrowers will finally get some relief and the RBA will start cutting.
Westpac, Macquarie seize home loan share from CBA
Commonwealth Bank was the first to stop its cashback offers to attract mortgages and that helped rival Westpac quadruple its signings, UBS data shows.
Westpac algorithm to scan for scams in real time
The banking major will add ‘friction’ to its digital payment processes in an Australian banking first that seeks to protect customers and itself against fraud.
Westpac’s $1.8bn profit misses analyst expectations
The banking major’s net interest margins rose during the third quarter, but costs hurt the bottom line, while loan quality deteriorated slightly amidst aggressive rate hikes.
ASX falls; China disappoints; Iress tanks
Adairs, A2M dive on weak outlook. China rate cut less than expected. Premier lifts on CEO Richard Murray’s shock exit, review. Qantas, Star slapped with court actions.
Westpac raises house price forecasts
Westpac has jumped on the bandwagon and is forecasting rising house prices for 2023 as the interest rate environment improves and demand outstrips supply.
ASX 200 ends down 0.2pc; health care weakest
TPG Capital cuts bid price for InVoCare. Iron ore chaos if China cuts steel production, Goldman Sachs warns. Fortescue in court over Aboriginal compensation. Bain, Estia Health sign takeover deal. Westpac ups house price growth.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/11