Westpac settles insurance overcharge case
Westpac settles class action, paying up to $30m to cover overcharged premiums sold by advisers between 2011 and 2017.
Westpac
ASX up on CPI as markets wait on Fed
Australia’s sharemarket enjoyed broad gains as low CPI data boosted growth and bond proxy stocks, while banks were also strong. Premier nabs JB Hi-Fi boss, Coles sees sales drop for first quarter in 13 years.
Bank move to help curb online gambling
One of the nation’s biggest banks has introduced a new tech feature that can prevent problem gamblers from accessing online betting sites.
Westpac bank, post office in virus alert
WA Health officials have added two new venues to a growing list of COVID-19 exposure sites in Perth, including a Westpac bank.
Westpac to take $282m hit to profit
Westpac will take a $282m hit to its half-year profit, mostly due to extra provisions for customer refunds and litigation.
ASX ends down 0.2% at day’s low
Stocks fall 0.2% in quiet trading as reopening stocks weaken, but Fortescue leads a rise in iron ore miners, NIB Holdings surges on positive trading update.
Bitcoin’s here to stay, but the jury’s still out on its role
If companies as diverse as Tesla and Westpac are investing in bitcoin related ventures, is it time for the private investor to join the party?
Westpac could halve network: analysts
Analysts say Westpac chief financial officer Michael Rowland’s cost reduction blueprint could help accelerate a profit turnaround.
‘Keep hands off housing market’, say bank CEOs
Commonwealth Bank and Westpac bosses argue against intervention to cool the housing boom, despite forecasting prices will grow by 10 per cent in 2021.
Billionaire Canva pair keep it real at home
Melanie Perkins and Clifford Obrecht will make $800,000 on their Surry Hills apartment; chump change for a couple worth $2.5bn.
Westpac may hit brakes on car loan sell-off
Westpac may be having second thoughts about a sale of its car loans business after some of the buyers circling the portfolio lost interest.
Westpac targeted over ‘unlawful’ charges
Westpac bank has been taken to court for allegedly charging hundreds of customers for a product they didn’t sign up for.
ASIC sues Westpac over credit insurance
The corporate regulator alleges Westpac made almost 400 customers pay for credit insurance policies they had never bought.
Westpac governance plan approved
APRA has given a tick to Westpac’s detailed plan to address risk governance failings after the bank’s $1.3bn Austrac debacle.
D-day looming for Westpac’s sell-off
Westpac will launch its new digital banking platform in July and announce a plan to deal with its non-core businesses by the end of this year.
Allied Credit eyes Westpac loans
Allied Credit, the auto financing business backed by ex-UBS Australia boss Matthew Grounds, is understood to be vying for Westpac’s auto loans portfolio.
Could BoQ be eyeing NZ deal?
Bank of Queensland has only just agreed to buy ME Bank for $1.325bn, but some believe another major acquisition should not be discounted.
Not enough houses: Westpac
Westpac’s CEO says a lack of housing supply is helping push prices to unaffordable levels for first-time buyers.
Strong labour market ‘will shield the economy’
A strong labour market will likely shield the economy from any major disruption caused by the end of JobKeeper, according to Westpac chief Peter King.
Westpac to close 48 branches: union
The Finance Sector Union says Westpac is moving to shutter branches in a major restructure | FULL LIST
Original URL: https://www.theaustralian.com.au/topics/westpac/page/36