Economists revise their forecasts as RBA slows rates
Market pricing of more rate rises has shrunk to about 15 basis points but Westpac’s Bill Evans says there has been a ‘somewhat confusing’ signal from the RBA’s assessment of inflation.
Westpac
Aussie bank’s gamechanging new move
Australians wanting to break free from streaming services will be given even greater freedom with a new banking feature,
CBA swings jobs axe in retail services and IT
Commonwealth Bank is facing criticism after announcing it will cut over 250 roles in its consumer and business banking departments.
Art of war: ‘I’m not the right type of Aborigine’
Brenda Croft, one of the nation’s most senior arts academics, says her removal from a ‘toothless’ government probe into the APY Arts Centre Collective was a ‘stitch-up’.
I’m not going anywhere: Westpac CEO
A top level executive shake-up has stoked succession talk, but Westpac boss Peter King declares he has more to do. ‘I’m here, and I’ve got plenty to do’.
Westpac restructures to split banking division
Westpac is splitting its consumer and business banking unit to ‘sharpen’ the bank’s focus and drive growth.
Westpac’s internal succession battle takes shape
It’s back to the future for Westpac’s Jason Yetton, who has been given a second chance to prove he can become a big four bank CEO.
ASX rises; Westpac to overhaul ops
Rio down as iron operations track stability. Fortescue shares fall on ratings cut. Ampol lifts despite earnings decline. Northern Star tanks.
Banks ‘failing’ on human rights complaints over Santos
Market Forces says banks such as CBA, NAB, and Westpac have refused to engage with a human rights complaint over their funding of gas company Santos.
Allianz shakes up corporate structure
The company is preparing to overhaul its corporate structure by transferring all of its insurance operations, including a former Westpac business, into its main operating entity.
Aussies dine out as cooling CPI lifts sentiment
Falling inflation has contributed to a slight rebound in the number of Australians feeling confident about the economy.
ASX soars 1.5pc in best day since January
Bourse snaps four-day losing streak as China looks to stimulate its struggling economy. Megaport rockets on earnings upgrade. Westpac consumer sentiment lifts.
Ellis exit points to more change coming for RBA
The shock move to Westpac by the top RBA official comes at a critical time for the central bank.
Westpac pulls off coup in hiring RBA’s Ellis
Outgoing Westpac chief economist Bill Evans expects the Reserve Bank to deliver two more interest rate hikes to get inflation back to target levels within a reasonable timeframe.
ASX drops 0.5pc to three-month low
Bourse ends at its lowest level since late March as China producer prices dive. Ardent Leisure soars on revenue surge. Tabcorp falls on possible gambling ad changes.
Funds freeze for ‘white hands’ APY arts centre
Westpac and Arts SA have put funding on ice pending a wide-ranging investigation into the embattled Indigenous collective.
Major bank’s new cash rule for Aussies
A major bank’s decision to enforce lower default cash withdrawal limits comes after a survey found 72 per cent of Australians were found to be ‘low cash users’.
Westpac axes BT sale after long process
The banking major has been unable to find a buyer for BT Panorama after touting the wealth manager to a number of parties in a search for a $600m buyer.
ASX ends win streak; falls 0.6pc on miners
The bourse’s best winning streak since April has ended. Rex dives after earnings downgrade. TPG falls following Telstra deal rejection. CBA drops refinance threshold.
Aussie banks targeted in NZ probe
New Zealand’s competition watchdog will investigate personal banking services profits dominated by Australian majors, CBA, NAB, ANZ and Westpac.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/12