Westpac 4pc pay offer only for lower paid staff
The bank is locked in industrial negotiations with the Financial Services Union. The proposal comes days after it flagged the potential closure of up to 100 branches in 18 months.
Westpac
Westpac’s long goodbye
The $1bn-plus sale process for Westpac’s investment platform unit has proven long and arduous, not helped by the latest delay in the deadline for final bids.
ASX jumps 1pc on miners; BNPL stocks surge
ASX hits six-week high as miners and banks jump. Sezzle paces BNPL surge, Macquarie climbs on profit, Westpac delays final bids for platform and Atlas drops after IFM walks.
Westpac’s big step out of its own shadow
Upping the stakes in green lending while breathing new life into digital banking marks a significant moment for the major bank.
Westpac may shut 100 branches
The bank may axe 100 branches – or almost 13 per cent – over 18 months as it merges the branches of its main brand with those of others such as St George.
No time to waste on energy transition: Westpac
Westpac CEO Peter King says Australia can’t afford to ‘muck around’ on a phased transition to more renewable sources of energy, as risks around energy supply linger.
ASX higher; Rio profit drops; Sezzle soars 96pc
ASX gains on health and bank stocks as CPI hits 6.1 per cent. Rio Tinto production flat, Sezzle in halt as shares surge, IGO output soars and Rex gets ACCC nod for Cobham.
Westpac banks on digital mortgage
The big bank is hoping to reinvigorate its troubled home lending business by launching a digital mortgage that approves customers in 10 minutes.
Reason Aussies are in for ‘more rate pain’
Borrowers have been warned to “brace for more rate pain” following forecasts from the country’s big four banks.
‘Brace for more’: WBC, NAB hike interest rate forecasts
Borrowers should brace for more interest rate pain with Westpac lifting its forecast for the RBA’s official cash rate to peak at 3.35 per cent early next year.
ASX ends week up 2.8pc; real estate, banks gain
ASX closes flat as real estate jumps and energy drops. Zip surges, travel stocks waver, Westpac and NAB up RBA rate peak, Brickworks record earnings and D&D’s Link deal faces opposition.
Working from home returns as Covid cases soar
Australia’s biggest businesses are introducing their own pandemic rules as the government handballs responsibility to the corporate sector.
Forum figure wins bid for funds
Forum Group’s Vincenzo Tesoriero will fund his defence against Westpac with $1.25m after securing access to the funds in the Federal Court.
Major bank raises rates even higher
A major Australian bank has announced hikes to its interest rates for the second time in the space of a month.
Major employers advise working from home
Two of Australia’s biggest employers are advising staff to work from home over concerns about rising Covid case numbers.
ASX soars 1.7pc; Rio Tinto settles tax dispute
ASX posts its best session since June. Tech and lithium miners rally, Megaport soars on profit, Woodside cuts jobs, Rio settles ATO dispute and UK inflation hits 40-year high.
Forum figure Vincenzo Tesoriero fronts court
Vincenzo Tesoriero has flown to Sydney after a Federal Court judge questioned why the Forum figure had failed to appear in person for the Westpac fraud case.
ASX ends week down; miners, banks weigh
ASX falls on miners as staples rally. CBA and Westpac tip more jumbo rate hikes, China GDP slows, WiseTech jumps on stronger earnings and Rio Tinto drops amid inflation hit.
Westpac sale deadline looms
The clock is ticking on Westpac’s divestment spree as the deadline for final bids for its investment platform division nears.
ANZ a MYOB suitor but at what cost?
There are perplexing questions as to why ANZ would embark on a potential $4bn purchase of accounting software company MYOB, when it could achieve similar results for much less.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/22