Bank’s major crypto move revealed
One of Australia’s big four banks has made a major announcement about how it will handle cryptocurrency exchanges.
Westpac
Apple’s bid to kill payments terminals
The world’s largest tech company is increasingly looking like a fintech, launching its own credit card and now an offering aimed at Australian small businesses.
Surprise rate hike, budget sends confidence tumbling
Westpac’s latest survey points to a sharp slowdown as consumer confidence plunges back to recessionary levels led by renters and low-income households.
The battle to be Westpac chair
The race to find Westpac’s next chairman has taken an interesting twist, with one newcomer to the board considered to have an outside chance to take the helm.
ASX ends flat; Allkem soars, Silver Lake falls
Allkem surges on $US10bn merger. Goodman and GrainCorp upgrade guidance. NT approves Core Lithium project. Westpac card activity shows significant weakening.
TPG rings up new space with Barangaroo move
The telco is leaving its North Sydney abode as it upgrades offices to accommodate its hybrid workers.
Westpac relents and will keep rural branches open
Westpac Banking Group says it’s listened to customers and given a reprieve to a handful of rural branches. See if yours has been saved …
ASX ends down 0.2pc: banks recover
Local stocks trim falls as banks recover. The S&P/ASX 200 ends down 0.2 per cent. Super fund returns up in April, but inflation a challenge. Macquarie buys REST’s Endeavour stake. Consumer spending, retail sales fall as expected.
Westpac ditches $8.6bn cost-cutting target
Westpac has scrapped its $8.6bn cost goal amid rampant inflation but reaffirmed plans to continue slashing expenses and simplifying the bank.
Relief package hailed; bosses seek economic leadership
Some of the nation’s leading corporate bosses are looking for further leadership in shaping the Australian economy in the face of ongoing economic and geopolitical challenges.
Shades of David Morgan as Westpac plays safe
In a nod to Westpac’s former legendary chief, the banking major is taking a more cautious footing ahead of a possible hard economic landing.
Westpac warns of business stress to come
Westpac’s CEO says businesses will bear the brunt of loan stress in a slowing domestic economy, while borrowers will take some comfort from stabilising house prices.
ASX rises; Lynas soars, oil stocks up before budget
Energy and miners push ASX to biggest one-day gain in four weeks. Westpac jumps on $4bn profit. Lynas get Malaysia extension. Humm names new CEO. Iron ore below $US100.
Final big bank announces hike
Aussie homeowners are in for pain as the final major bank hikes interest rates yet again.
ASX ends three-day fall
ASX ends a three-day fall as Apple lifts US futures and ANZ rise 1.5 per cent after a weak start after reporting. Qantas CEO-elect Vanessa Hudson’s pay revealed. Rio’s ‘hard choices’ on climate. ANZ CEO says banks not immune from US contagion.
More banks hike up interest rates
Three of the four big banks have now changed their interest rates for mortgage holders and some saving accounts.
Westpac rolls out carbon footprint spending tracker
Millions of customers will be able to track their carbon footprint based on their spending habits as the bank vies for a stake in the nascent green lending market.
ASX ends flat after rebound; financials hit
The sharemarket has closed flat after recovering, as US futures gains. Most sectors closed in the black, offsetting falls across the financial sector, led by NAB. Westpac joins ANZ and NAB to hike rates after RBA’s 11th move.
Rate rise pain has peaked: Westpac
Westpac’s Bill Evans has slashed his forecast on interest rate hikes, tipping the Reserve Bank will decide not to move any higher.
ASX snaps losing streak; Megaport soars 41pc
Megaport rockets on guidance upgrade. Bubs Australia launches China review. Bank of Japan to review monetary policy. Mirvac cuts outlook. Woodside defends climate policy.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/14