Westpac closer to Tyro deal as second suitor turns up
Westpac sees benefits of acquiring Tyro Payments to secure additional customers.
Westpac
Thodey quits as Tyro chair as Westpac circles
David Thodey follows former boss Robbie Cooke out the door, just weeks after Westpac confirmed it was in early talks to buy the payments company.
Westpac may delay sale of wealth management
Westpac could hit pause on the sale of its wealth management business and recommence once conditions improve.
Big banks to pay out to 1 million Aussies
Up to one million customers could be eligible for compensation in a huge win against three of the big four banks.
CBA, Westpac, ANZ settle class actions for $126m
Up to one million borrowers will now be eligible to receive compensation after the trio settled without admitting liability.
Fixed-rate maturity a step not a cliff, says Westpac
Westpac’s consumer and business banking boss expects there is more of a mortgage step than a cliff confronting fixed-rate borrowers navigating sharp rate increases.
Shoppers plan to rein it in for Xmas
Four in 10 households plan to cut back on Christmas spending, with more than one in three Australians saying the federal budget worsened their financial outlook.
Westpac’s earnings, new cost target under spotlight
Mixed analysts’ reaction to Westpac’s annual earnings results amid concern over whether it would meet its revised cost target.
ASX ends higher; Webuild rescues partner Clough
Treasury maintains CPI forecast. Sims shares tank on earnings warning. Business confidence, consumer sentiment lower, surveys find. Magellan shares recover. Whitehaven stocks tumble.
Westpac on hunt for acquisitions
Westpac has turned its attention to potential acquisitions, including listed group Tyro, as it starts to again focus on future growth levers following a divestment spree.
Westpac CEO’s credibility tarnished over cost stumble
Big four bank boss Peter King has become the highest-profile casualty so far of runaway inflation.
‘Inevitable’: Bank’s grim warning on rates
One of the big four banks has warned it’s inevitable some borrowers coming off fixed rate mortgages will be hit hard over the coming months.
I watch job numbers over house prices: Westpac CEO
The bank’s boss is adamant a sharp decline in home values will only pose a material risk to the economy and the banking sector if it is accompanied by a large spike in the jobless rate.
ASX closes up; BHP shares rise, financials fall
Macquarie tips $800m Qantas buyback. Gold miners lead ASX higher. Banks down on Westpac’s profit dip. Snowy 2.0 expansion delays. Simonds tanks on housing woes. Suncorp declines as costs rise. Medibank won’t pay ransom.
Westpac, NAB weathering storm in uncertain climate
The market will scrutinise NAB’s and Westpac’s cost targets as the banks reveal their annual profit this week.
Forum co-accused has companies put into liquidation
Nine companies associated with Vince Tesoriero, an alleged co-conspirator of a major fraud against Westpac, have been placed in the control of McGrathNicol.
Westpac strikes 4pc pay rise deal for 2023
Employees with salaries under $94,000 will receive the full increase, while those above will see their pay rise by a smaller percentage.
Speculation resurfaces Westpac wealth back on AMP’s agenda
The Australian listed financial group AMP is said to be closing in on Westpac’s wealth management unit.
Melbourne Cup rates move: millions look like losing
More than three million households with a mortgage are poised to be losers on Melbourne Cup Day, with Westpac chief economist Bill Evans now predicting a double rate hike.
Bank’s horror interest rate prediction
All four of Australia’s big banks have made grim predictions about interest rates, with the latest anticipating the most dire forecast yet.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/19