Westpac sees better economic times ahead
Westpac believes Australia’s economy will soon turn the corner on its gloomy conditions, as the big four bank unveiled a $7bn full-year profit.
Westpac
ASX 200 up; MinRes dives on Ellison ‘mistakes’
MinRes takeover/break-up not ruled out as billionaire boss Chris Ellison’s exit plan takes shape. AFP enter PwC Australia offices as part of confidential breach probe. Westpac down on dividend miss, high costs.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
Herbert the interim chief for Westpac unit
Peter Herbert will be appointed interim head of Westpac’s business lending arm.
Banks clash on loan rules amid housing shortage
CBA and Westpac say current settings are appropriate as NAB and the ABA call for changes to the serviceability buffer.
Richard White to stand down as WiseTech CEO
ASX 200 slips in cautious trading. WiseTech CEO resigns. CBA, Westpac rebuff flexible serviceability buffer call for home loans. Weak quarter weighs on Reece, Fortescue and Brambles. Super Retail tried to settle claims ahead of court fight. HMC lines up data play with $2bn Global Switch deal.
New Westpac chief’s laundry list is fraught with risk
There’s a long list of items for the incoming Westpac CEO to address such as locking down an executive team and ensuring the bank’s risky technology overhaul is well executed.
Major banks hit by outage
Westpac, St George and two regional banks have been hit by an outage affecting app access and online banking, with Aussies left unable to access their money.
Westpac wins fight against ‘audacious’ Forum fraud
A court has found four key figures linked to a former Sydney equipment financing business engaged in Australia’s largest ever bank fraud, writing more than $500m in fake leases.
AMP may look to asset swap with Westpac
The $3.4bn financial firm AMP Capital announced on Thursday it had finalised its promised plan to return $1.1bn worth of capital to its shareholders, so what does it do next?
Major bank’s huge move on cash
One of Australia’s major banks has cut against the grain in the age of digital wallets and will no longer offer a key service, claiming declining interest.
Aussies no longer fear rate rises, sentiment index shows
Consumer sentiment has lifted to the highest level since 2022 showing Australians no longer fear the prospect of the RBA delivering an unwanted interest rate increase.
Resimac buys Westpac’s auto finance loans
Now the debate turns to BT Panorama and if Westpac puts that on the market next.
ASX edges up as property stocks gain; Guzman y Gomez, Star fall
Property giants lift on ‘cheaper debt outlook’. Santos down despite oil price spike. Origin loses ground after abandoning hydrogen plans. Sell rating weighs on ‘overly ambitious’ Guzman y Gomez. IMF backs RBA’s tight stance.
Business priority as banks welcome new leadership
Australia’s top bankers are in the limelight after the anointing of Westpac’s new boss, leaving just ANZ and Commonwealth Bank to announce their future leadership line-up.
Westpac follows ANZ with unwelcome tweaks for savers
Bonus savings accounts have long caused consumer confusion, and are stingy for many savers. Now they’re changing again.
Westpac auto loan back book sale hits roadblock
There is talk in the market that Westpac’s auto loan back book sale may have stumbled.
Internal pick stabilises Westpac but tough task ahead
Analysts say Westpac’s new CEO Anthony Miller faces challenges but is likely to deliver stability for the lender.
How Westpac’s outgoing King steadied the ship
Peter King has played a key role in restoring confidence in Westpac after it was hit by the Austrac scandal and then Covid.
How Miller will make Westpac a business force again
A former Goldman Sachs banker wants to pull Westpac out of its self-imposed wilderness. Is the banking major ready for change?
Westpac’s new CEO is ‘fiercely competitive’, and you don’t want to cross him
The banking major’s incoming boss Anthony Miller is prone to telling colleagues he is the underachiever of his family, given two of his siblings represented Australia at the Olympics. He’ll certainly have to revise his talking points.
New Westpac boss bets on tech, business boost
Wealth and business banking boss Anthony Miller will continue Westpac’s technology and risk transition plans when he takes over the top job from Peter King in December.
‘Trust’: Major bank reveals new CEO
Westpac has announced its new chief executive, who has a vision to return the big-four bank to a “position of leadership”.
ASX 200 falls, led by energy, consumer stocks; Premier dives
Premier Investments flags lower earnings, sacked Smiggle boss Cheston denies ‘serious misconduct’. Hotel Property Investments rejects $718m bid by Charter Hall Retail, Hostplus. Westpac CEO successor named. Steadfast in a trading halt. Star results awaited.
Top HSBC executive on Westpac’s CEO succession radar
This international banking executive is certain to feature on the target list of Westpac’s board and the headhunting firm spearheading a search for its next CEO.
Spending ‘flat’ as consumers squeezed: Westpac boss
Warning lights are flashing on consumer spending, with Westpac chief executive Peter King cautioning things are unlikely to get any better until a rate cut.
Westpac exec sues bank amid ‘troublemaker’ claims
Westpac is facing court action from its head of audit and risk, who has alleged she was bullied for blowing the whistle on possible financial crime.
Big four bank bosses tip Feb rate cut
Two out of the four chief executives of Australia’s major banks have tipped an early-2025 cash rate cut.
Aussie bank boss’ shock rates prediction
The Westpac Group boss believes the Reserve Bank will begin cutting rates from early next year, forecasting the figures rates will settle at.
Bank chiefs say young hit hardest by rates and inflation
The cost of living and higher interest rates are hurting younger Australians more than most, the chief executives of Commonwealth Bank and Westpac have warned.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/3