The ASX rises 0.3 per cent to a seven-week highs on positive US leads. Qantas shares soar on US peer gains. CBA, Goodman, NAB, Westpac, WiseTech top contributors. Paladin soars as operations improve. Iluka drops on estimates miss.
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.
Australia is one of the most successful countries combating scams and fraud, according to new analysis commissioned by Westpac.
Slow spending lifts chances the RBA will move earlier than expected to deliver interest rate relief.
The banking giant faces a hefty fine after it misled NZ customers entitled to advertised discounts and overcharged some of them.
A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
Westpac has announced its chief financial officer is leaving the company just months after its chief executive announced his retirement.
An expected spate of executive changes at Westpac are set to occur after the bank’s CFO announced his plans to leave.
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.
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.
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’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.
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.
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
Anthony Miller warns cost pressures are still simmering through the economy and could change the timing for rate cuts.
A four-year borrowing spree by governments is expected to reach levels typically experienced during economic crises, Westpac says.
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.
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.
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.
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.
Almost three quarters of female small business owners believe there are gender biases when trying to get a loan. Here’s why.
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.
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.
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 has identified groups openly offering on Facebook to sell stolen bank login information but, despite reporting the pages to Meta, nothing has been done.
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 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’s board is losing half of its female directors, two days after the lender said they would stand for re-election.
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.
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.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/2