AMP out of Westpac wealth auction, all eyes on CFS
Since final offers went in on August 22, it has been radio silence from Westpac on the sale of its wealth management unit.
Westpac
She’ll be right: outlook shifts on economy
Consumer confidence has improved for the first time since November, breaking a long stretch of pessimism, with mixed results for retail, building and real estate sentiment.
Big change coming to interest rates
A major change is coming to your interest rate if you bank with one of the big four. Here’s what you need to know.
Lowe ‘must strengthen rhetoric’
Westpac chief economist Bill Evans wants the Reserve Bank to avoid the policy mistakes of the 1970s and ’80s by beefing up its rhetoric.
Why Aussie banking’s not just ‘land of the giants’
The Big Four dominate the attention of Aussie bank investors, but bigger isn’t necessarily better, with some smaller options offering intriguing possibilities.
APRA winds back Westpac buffer
The financial regulator has removed an additional liquidity requirement put on Westpac in 2020.
ASX slides 2pc, BHP hit
Investors bail amid interest rate fears, pushing the ASX 200 down 2 per cent. BHP and others lose ground after paying dividends. Consumer-focused stocks including Endeavour and A2 Milk find support.
AMP closing in on Westpac wealth management?
Bidders for Westpac wealth management should find out any day which party is the successful suitor.
Afterpay ditches financial wellbeing app
The move paves the way for Jack Dorsey’s Cash App – used by some 47 million Americans – to launch in Australia.
Bidders add finishing touches to offers for Westpac’s wealth unit
The sale process for Westpac’s wealth management arm could be finalised any day.
Westpac to hand out $1000 bonuses as part of wage talks
The bank has been locked in lengthy talks with unions over pay increases, and says it will hand out the one-off amount if employees vote in favour of its proposal.
Second bank backflips on interest rate hike
Another Australian bank has announced a big change to its interest rates following Westpac’s move on Thursday.
Westpac’s technology challenge
Westpac has confronted a cost blowout on at least one key technology project this year, as it makes slow progress on upgrading its ageing systems.
Westpac homes in on borrower stress
The bank has joined its peers in reporting improved loan quality, as attention turns to how borrowers will fare in the months ahead given aggressive rate hikes.
The long pursuit of Bill Papas
Police have interviewed key Westpac employees as they investigate whether to press charges against alleged bank fraudster Bill Papas.
ASX rises; REA, Megaport up; NAB falls 3pc
ASX edges higher on tech as banks fall. Coronado profit surges, Megaport revenue jumps, REA firms on profit beat, NAB cash profit hits $1.8bn and consumer confidence falls.
RBA must clamp down harder warns Westpac
Influential Westpac economist Bill Evans argues the RBA should aim to get inflation back down to 3 per cent next year but might need a significantly higher ‘terminal’ cash rate to achieve that.
Big banks hike rates but not all savers happy
The big four banks have all passed on the Reserve Bank’s latest interest rate hike to home loan borrowers but not all savings account customers are happy.
Big bank’s surprise interest rate move
A third big bank has reacted to the RBA’s announcement of a further 0.50 percentage point rate hike, saving customers some hip-pocket pain.
Apollo runs eye over Westpac wealth management
Apollo Global Management is thought to be the latest private equity firm to have turned up in the auction for Westpac’s wealth management unit.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/21