Bank quarterlies and the dreaded CEO conference call
The major banks are taking different approaches to their quarterly updates, but scheduled CEO conference calls are mostly seen as a bad omen.
Westpac
Bill Evans bides his time in two cities
What better day than the RBA’s monthly board meeting for an update on Westpac veteran chief economist. The Sydneysider has been elsewhere.
Westpac secures Papas freezing orders
Westpac has secured Federal Court orders to freeze the assets of Forum Finance boss Bill Papas’s girlfriend Louise Agostino, as it looks to retrieve funds from an alleged fraud.
Westpac sends 800 bankers for environmental, social training
The banking major hopes to boost its green credentials by rolling out environmental, social and governance training for more than 800 bankers.
Westpac lifts fixed rates, more rises predicted
Westpac is the first big bank to raise home-loan rates this year, and industry watchers expect more to follow soon.
Westpac, AMP tip rate rise in August
Westpac and AMP have brought forward expectations for a hike in the Reserve Bank’s cash rate, tipping a lift-off from the current record low 0.1 per cent in August.
BHP a step closer to Aussie return, ASX gains on miners
BHP’s Australian shareholders have voted overwhelmingly in favour of returning the mining giant to its Australian home. ASX adds 0.1 per cent on mining gains.
Westpac under new investigation over staff pay
The banking major, led by Peter King, faces a new Fair Work Ombudsman probe of its pay practices, after previously admitting to botching staff entitlements.
‘Cautious pessimism’ as consumer confidence dips 2%
Westpac’s key monthly survey reveals sentiment fell less than feared in January, with states previously untouched by Covid hardest hit.
Big four-backed fintech Lygon set for Singapore push
Backed by ANZ, Westpac and CBA, a digital bank fintech that aims to offer an alternative to paper-based contracts is set to take on Asian heavyweights with a push into Singapore.
Macquarie knocks off Westpac to be third largest bank
The Millionaires’ Factory has taken the mantle as the nation’s third largest bank, after its market capitalisation surpassed that of embattled Westpac.
ASX dips on tech falls led by WiseTech
ASX closes down 0.1 per cent on tech stocks, led by a WiseTech and Afterpay retreat. ANZ to acquire Cashrewards, Novonix up 10.8 per cent and Westpac to delist from Wall Street.
Our Kloud chief files defence against Westpac
The head of Our Kloud, and cousin to Forum figure Bill Papas, has filed his defence to Westpac’s attempt to force him to hand over $720,000.
Giants jostle for Westpac’s BT unit
Parties jostling to buy Westpac’s $45.4bn superannuation unit – including KKR-CBA and Vanguard – will soon learn if they’ve made it to the auction’s next round.
Westpac on hunt for Pacific buyer
Westpac is still believed to be on the hunt for a buyer for its Pacific banking business, but it hasn’t been easy according to some.
Top 10 firms reveal their biggest issues
CBA, CSL, BHP, Westpac, NAB, ANZ, Fortescue, Wesfarmers, Macquarie, Telstra.
Grollo property sales a work in progress
For all that property types spruik the hot local property market, there’s nothing fruitful about Grocon scion Daniel Grollo, or more aptly, his now under-administration estate.
McFarlane confronts Westpac’s long, slow decline
The rockstar banker has always been about pushing the big ideas but as Westpac chairman he needs to get the small things right.
Westpac investors vote mostly ‘no’ to stupidity
Westpac was all-but inviting shareholders to have a free lash at the board, yet only 30 per cent took up the ‘offer’. The majority voted sensibly and with enlightened self-interest.
Westpac’s McFarlane ‘frustrated’ over scandals
Westpac chairman John McFarlane has voiced his anger over the scandals that have plagued the bank in recent years.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/27