Where Australian businesses are booming
Regional towns across Australia are seeing a surge in demand for lending as businesses beef-up operations to meet households leaving the cities for affordable housing and a better lifestyle.
Westpac
Westpac cautions against scam reforms as losses flatline
Australia is one of the most successful countries combating scams and fraud, according to new analysis commissioned by Westpac.
ANZ tips Feb rate cut amid weak economy
Slow spending lifts chances the RBA will move earlier than expected to deliver interest rate relief.
Westpac admits overcharging nearly 25,000 NZ customers
The banking giant faces a hefty fine after it misled NZ customers entitled to advertised discounts and overcharged some of them.
Major bank’s huge $6.35m error
A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
‘Team player’: Major bank’s CFO retires
Westpac has announced its chief financial officer is leaving the company just months after its chief executive announced his retirement.
Westpac looking for CFO as new boss settles in
An expected spate of executive changes at Westpac are set to occur after the bank’s CFO announced his plans to leave.
ASX 200 lifts; PEXA gains; Data#3 falls
Data#3 down after flagging Microsoft hit. PEXA soars on change of guard. BlueScope, BHP and Rio Tinto pick site for smelting pilot plant. House prices to stall next year: HSBC. Meta settles Aus privacy breach case.
Inside new Westpac CEO’s plan to rebuild the bank
Taking the reins of Westpac on Monday, one of Anthony Miller’s first tasks will be to visit call centre staff – who are the eyes and ears of the banking giant and hear exactly how customers feel.
Day one in the job and Westpac’s new boss prioritises simplicity
New Westpac chief executive Anthony Miller has prioritised technology in order to simplify the bank’s business and says a national effort’s needed to help Australians buy a home.
Westpac boss concedes more climate action needed
Westpac’s outgoing chief has told investors more needed to be done to tackle climate change as a coalition of shareholders demanded action at the AGM.
Big bank’s surprise call on cost of living
Westpac says the peak of the cost of living crisis could be behind us with the number of Aussies needing the bank’s help to pay their loans falling.
ASX 200 falls; DigiCo’s weak debut; Insignia, Iress top gainers
DigiCo flops on in subdued start to public life. Insignia considering Bain’s $4 per share bid. Iress promises to reinstate dividends. Rio to spend $US2.5bn on new lithium mine in Argentina. Premier’s FY25 start ‘challenging’. China stimulus talk disappoints
Westpac CEO: ‘Inflation fight is not over yet’
Anthony Miller warns cost pressures are still simmering through the economy and could change the timing for rate cuts.
Get ready for $650bn borrowing splurge
A four-year borrowing spree by governments is expected to reach levels typically experienced during economic crises, Westpac says.
Westpac chief audit exec flags plan to exit key role
Westpac’s chief audit executive has flagged his plan to exit the key role, just as the bank ramps up a key technology project and defends a Federal Court case brought by a senior staff member.
ASX 200 ends flat; CBA, Goodman up; ANZ, Platinum among big decliners
Ex-HSBC veteran Nuno Matos will be next ANZ CEO. Platinum crashes, Regal down after takeover talks end. CBA, Goodman jump. Star hits record low. Woolworths flags $140m hit from now-ended strikes. Sonic buying German lab group for $699m. GQG rises after canning buyback.
Westpac exec changes loom as new CEO takes control
Anthony Miller officially takes on the Westpac CEO role next week, which is likely to usher in a period of executive changes, including the expected departure of CFO Michael Rowland.
Award-winning SA winery’s huge debts revealed
The huge debt pile amassed by SA’s Fox Creek Wines in the lead up to its collapse has been revealed, as administrators search for a buyer to save the business.
Why women find small business funding not much fun
Almost three quarters of female small business owners believe there are gender biases when trying to get a loan. Here’s why.
Inflation key as Westpac pushes rate cut prediction to May
Economists are increasingly predicting an even later start to rate cuts, as the RBA needs more than one ‘good’ quarterly CPI outcome to be confident a decline in inflation is sustainable.
ASX 200 flat in choppy trade; I hate what I’ve done: MinRes boss
MinRes to exit/unwind Chris Ellison-linked deals. Westpac pushes RBA rate cut forecast to May. Pinnacle hits record. Dec listing for HMC’s big data fund. Accent smashed after margin drop. Shares in GQG down as it ‘monitors’ Adani bribery charges. Bitcoin hits $US95k.
Mysterious departure of two key banking directors
Westpac chair Steven Gregg has some explaining to do at the AGM after noting in his annual report two of four directors would renominate – but they have now stepped down.
Westpac demands Meta does more to combat scammers
Westpac has identified groups openly offering on Facebook to sell stolen bank login information but, despite reporting the pages to Meta, nothing has been done.
Why golf has returned to the fore for deal makers
Former Westpac executive Raj Narayan banked on a post Covid-19 thaw to return business dealing to the nation’s fairways when she set up Emajin Golf – and she hasn’t looked back.
Insignia reveals grand plan to be No.1 in the platform sector
Insignia Financial boss Scott Hartley says his business can push aside Macquarie Group and Westpac to take the mantle as Australia’s biggest player in the platform sector.
Westpac board takes gender hit as two female directors exit
Westpac’s board is losing half of its female directors, two days after the lender said they would stand for re-election.
Bad borrowers go missing in Westpac results
Mortgage delinquency rates may be getting worse, but Westpac says its latest set of results show this time may be different, with bad borrowers gone from the big four bank’s loan books.
The two decisions that stand to shape Westpac’s future
Peter King’s time at the banking major was never going to be marked by transformational deals. Rather it involved relentless fixing of long-term problems.
Westpac’s brutal call on rates
Westpac has flagged the majority of mortgage holders don’t need a rate cut, as they have become accustomed to higher interest rate payments.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/2