The local sharemarket closes higher. Maurice Blackburn monitors Medibank, MyDeal data breach. Credit Suisse reveals $4bn loss. Reserve Bank tipped to hike rates by 50bp. Fortescue books record iron ore shipment.
Westpac has joined two of its major rivals in signing a banking deal with Australia Post, leaving ANZ as the outlier, as banks continue to cull branches.
The sharemarket trims gains as materials soar. China GDP beats expectations. Medibank’s hack alerts to dead customers. Star higher on gaps in repair plan. Vulcan, Novonix top gainers. Tavistock increases AACo board control.
The software billionaire – and his market followers – have seen little but losses over the last year.
Westpac has told the market it’s in talks to buy Tyro, but there’s no certainty it will occur.
Westpac has become the last of the big four banks to pass on rate hike pain to its customers, but the bad news comes with a silver lining.
The payments business is in sale talks with Westpac and ‘selected parties’ after rejecting an unsolicited $658m takeover bid from Potentia Capital and HarbourVest.
At least two banks are running the ruler over the $800m payment provider Tyro Payments
ASX soars as US futures rally. Tech enjoys biggest gain in four weeks, St Barbara hammered on downgrade, Adbri hits 18-year low and Zenith places Magellan under review.
Big banks and mining giants are among those caught out by ASIC for “failures” that resulted in a combined total of $230m in penalties.
Despite the grim picture revealed in Westpac’s latest survey, NAB’s report showed business trading conditions were ‘roaring’ as consumer spending continues to boom.
Vincenzo Tesoriero, an alleged co-conspirator in Forum Finance’s fraud against Westpac, has been denied his request for an increase of more than $2m in funds to pay for his defence.
ASX falls for a third straight week as interest rates continue to worry investors. Carsales dives amid demand fears, gold miners rally, Core Lithium $100m raising and Rex finialises takeover.
Westpac is going direct to its employees with a new pay offer in an attempt to break a deadlock with a key union.
Alleged Forum Finance fraudster Bill Papas has dramatically pulled his football team from Greek sporting leagues, after financial and cash flow issues.
The banking major will block others using its 94,000 phone numbers in a bid to stamp out scammers cloning its identity to target victims.
One of Australia’s big four banks has announced a major interest rate hike following last week’s move by the Reserve Bank.
Energy and utilities lead ASX losses. Westpac lifts October rate call, AGL slides amid board overhaul, Magellan falls to eight-year low and Link drops after D&D bid rebuff.
The Federal Court has indicated it won’t hear Westpac’s case against alleged fraudsters Bill Papas and Vincenzo Tesoriero until at least early 2023 after Justice Michael Lee recused himself from the case.
ASX lifts on energy and banks. Coronado leads coal miners rally, Star chair sorry for ‘arrogance’, Link deal get FIRB nod, Lake Resources extends losses and jobless rate rises.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/20