ANZ unwinds provisions as economy improves
ANZ Bank’s cash profit has jumped and it’s trimmed provisions amid a rosier outlook, but it warns things could change quickly.
Westpac
ASX dips on another epic news day
The ASX pulled back from its recent stellar run, with Westpac, Domino’s Pizza and Rio Tinto among the big results lobbing in on an epic earnings season day.
ASX books first fall in 3 days, Rio posts bumper profit
Australia’s sharemarket fell for the first time in three days while Rio Tinto ended a bad year with a big profit.
Housing shortage driving price rise: Westpac
Westpac chief Peter King says supply issues are largely driving house price rises, but the Australian economy is well placed to navigate that.
CBA: in a league of its own and pulling away
The biggest bank stock just got a lot bigger and now looks in a league of its own.
Cerberus seeks bite of Westpac
New York-based Cerberus Capital Management is understood to be moving forward with plans to compete for Westpac’s $11bn auto loan portfolio.
Bank’s push to end ‘hidden epidemic’
One of the country’s largest banks plans to stamp out what’s been described as a ‘hidden epidemic’ from its online platforms.
Westpac urges centralised financial crimes survellence
Westpac has called for a review of the regulatory architecture surrounding financial crime.
Hartzer to join data science and analytics firm Quantium
Former Westpac chief executive Brian Hartzer has become a senior adviser to Woolworths-backed data science and analytics firm Quantium, as he slowly re-emerges in business life.
Westpac looks to split super assets from BT unit
It is thought that private equity groups are being targeted as buyers for the super assets and a separate sale is under consideration.
Westpac set to launch $10bn-plus auto loans sale
Westpac is understood to be about to finally fire the starting gun on the sale of its $10 billion-plus dealer finance and auto loan portfolio, with Morgan Stanley currently lining up bidders.
Westpac loses High Court super advice battle
Westpac’s loss comes after ASIC took issue with the bank’s campaign to get its customers to switch into BT Super.
Aussie businesses need to help check China
Departure of Westpac from PNG and the scaling back of ANZ leaves a gaping hole in Australia’s presence in the region.
‘Barely an ice cream’: Sad reality of cuts
Two of Australia’s major banks have dealt a blow to savers by further slashing rates on deposit accounts.
Aussies choose savings over love
Australians are prioritising saving for a house over a relationship, a new survey from one of the country’s major banks has found.
Industry funds bin Westpac over scandal
Money manager IFM has restricted its exposure to Westpac bonds until the prudential regulator completes its probe into the Austrac debacle.
Consumer confidence retreats
Border closures and booming COVID numbers overseas have dragged Australian consumer confidence from its 10-year-high.
Big consequence of border closures
A leading economic indicator has revealed what effect the recent state border closures have had on the economic outlook for 2021.
No excuses if Westpac’s woes continue
Westpac is taking much longer than closest peer CBA to recover from its Austrac fight, as CEO Peter King’s final recruit joins the fray.
Westpac counts the cost of Austrac brawl
Westpac continues to massively underperform closest peer CBA, as the final recruit in CEO Peter King’s overhaul prepares to join the fray.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/38