Bill Papas’ extradition from Greece hits a wall
Bill Papas’ extradition from Greece has run into issues after Australian law enforcement agencies told Westpac they may also bring criminal charges against the alleged fraudster.
Westpac
Aussie start-up poaches Uber exec amid US push
Reejig first lured Westpac’s former CEO and has now made another key hire, as it stakes its claim as one of the nation’s fastest growing companies.
War, inflation fears darken mood
Floods, war, talk of inflation and higher interest rates have spooked households, with confidence turning negative for the first time since 2020.
Westpac warns of flood scams
Scammers and fraudsters are sure to try to take advantage of a wave of floods hitting Australia, Westpac warns.
Macquarie to battle KKR for Westpac wealth unit
Banking powerhouse Macquarie Group is believed to be lining up in the auction to contest Kohlberg Kravis Roberts for Westpac’s $1bn-plus wealth management unit.
Papas makes girlfriend football club director
Bill Papas has been appointed managing director of Xanthi FC and made his girlfriend Louise Agostino a board director despite attempts by Westpac to seize the club and arrest Mr Papas.
Westpac slashes marketing staff
Westpac’s marketing department will be slashed by more than 20 per cent as the bank seeks to cut its cost base to $8bn by 2024.
Will the house price party really end in May?
Westpac believes the outlook for house prices has worsened but then presents little evidence the market is cooling.
Westpac platform’s teething problems
Westpac’s attempts to streamline mortgage processes have been dealt a blow, as issues emerge from the transition to a new platform for bankers and brokers.
New super giant joins race for Westpac unit
The soon-to-be-merged QSuper and Sunsuper megafund is shaping up to be a formidable potential suitor for Westpac’s superannuation arm.
Westpac completes $3.5bn share buyback
Westpac has ruled off its $3.5bn off-market share buyback to shareholders, just days after CBA announced it would return further capital to investors.
ASX leaps; Beach Energy, gold miners gain
ASX ends higher as energy stocks and gold miners gain. Beach Energy up on profit beat, Crown jumps on Blackstone bid, Westpac leads bank rally and New Hope names new CEO.
Meet Australia’s first trillion dollar bank
CBA is again brimming with confidence, but has learnt to drop the swagger of the last decade.
Gloom sets in on threat of rate hike
Two-thirds of Australians expect rate hikes in the coming 12 months, and more than one in four believe rates will climb by more than a percentage point.
Westpac set to hand over super
Westpac is pushing on with the divestment of its superannuation book, but the market is increasingly viewing the deal as more a handover than a sale.
ASX gains; tech stocks rebound, Boral sinks 42pc
ASX ends up by 0.6 per cent as tech firms bounce. Westpac gains on investor upgrades, Boral dives 42 per cent on ex-dividend and News Corp jumps on strong results.
Westpac’s risk revamp a risky move
It’s precisely the wrong time for Westpac – which is still cleaning up its act after a series of blunders – to be consolidating its risk function.
Westpac chief faces $8bn problem
After securing some easy savings, jobs will be on the line as the big four bank chases its ambitious target.
Westpac puts cost cutting on fast track
Westpac has pulled forward a restructure program in response to a margin crunch, which the bank expects to continue for the remainder of the 2022 financial year.
ASX tech stocks dive 6pc, Sydney Airport approved
Tech rout weighs on ASX as the sector dives 5.9 per cent, Block and Zip end 10 per cent down, investors approve Sydney Airport sale and Cettire dives on profit drop.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/26