Macquarie drafted in as Westpac weighs NZ sale
Westpac’s strategic review of its New Zealand business has zeroed in on the $NZ6bn ($5.5bn) retail component of its operations.
Westpac
Bank’s $10m lifeline for flood victims
The nation’s second largest bank will commit $10m in flood relief to customers affected by the recent east coast superstorm.
Westpac considers NZ sell-off
Westpac is considering a demerger of its NZ business after the country’s central bank slapped it with compliance notices for ‘material failures’ in reporting.
Leadership talk at Westpac
Some private talks scheduled for a Credit Suisse event this week are helping fan leadership talk at Westpac.
Buyers line up for Westpac car loan portfolio
Westpac’s plans to sell its $11bn car loans and dealer finance portfolio through Morgan Stanley appears to be drawing a large crowd.
Japanese in running for Westpac life insurance
With the sale of Westpac’s mortgage insurance division to Arch Capital now out of the way, attention turns back to its life insurance business.
Second big bank slashes home loan rate
Another big bank has slashed its two-year fixed home loan rate, but both are still being beaten by an online-only lender.
Westpac to combine retail and business banking divisions
Major change fits with Westpac strategy to simplify the bank and to arrest a disappointing performance.
Why rising bond yields won’t deter the RBA
But while the 10-year bond yield will hit 3 per cent by 2024, central banks are prepared to ‘risk the wrath of the markets’, according to Westpac’s Bill Evans.
NAB broker role for ex-Wallaby Waugh
NAB lures former Wallaby and Westpac banker Phil Waugh to an executive role in mortgage broker distribution.
Manufacturing ‘turns corner’
Australia’s manufacturing sector is leading the way out of the COVID-19 pandemic, the country’s longest running business survey has revealed.
Waugh resigns from Westpac
Former Wallaby Phil Waugh is leaving Westpac after less than six months in the private bank.
ASX recovers as banks rebound
Market recovers strongly from an intraday fall, hitting its highest daily close since March 3.
APRA drops investigation into Westpac
APRA abandons investigation linked to the bank’s failure to report international money transfers, saying no banking rules were broken.
Prices ‘too hot for owner occupiers’
Consumer confidence has rebounded but there’s evidence of “tensions” in the housing market, according to Westpac survey.
Westpac slashes fixed home loan rates
Westpac’s two-year fixed home loan rate is now the lowest on the market.
Major bank’s incredibly low home loan rate
One of the nation’s major banks has slashed its fixed home loan rates and is now offering some of the most lucrative rates in the lending market.
Westpac slashes business loan rates
One of the country’s largest banks has slashed lending rates on business loan schemes implemented at the start of the coronavirus pandemic.
Westpac could break up auto loans book
The sales process for Westpac’s $11 billion auto loan portfolio could involve a break-up of the business, where parts are sold to various bidders.
Westpac targeting more banking service partnerships
Westpac is targeting partnerships in 2021 via its banking as a service platform, after securing SocietyOne and Afterpay.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/37