Westpac chiefs feel investor wrath
Major investors are demanding answers from Westpac over alleged child exploitation links.
Major investors are demanding answers from Westpac over alleged child exploitation links.
The nation’s most powerful superannuation funds have turned on Westpac ahead of its critical annual meeting next month.
Shareholders paid directors to monitor management.
It’s make or break for the Westpac board on Friday when a key meeting is held to dissect the spectacular Austrac controversy.
Westpac and the other big banks have to clean up their acts permanently.
PM says Westpac’s board must deeply reflect on Brian Hartzer’s position as the bank’s shares tumble again.
The three members of Westpac’s board up for election at next month’s AGM all sit on its risk and compliance committee.
Brian Hartzer shrugs off suggestions he should quit over allegations bank failed to properly monitor and report transactions with a known child exploitation risk.
Australian banks slipped through the GFC relatively unscathed. Not this time.
Scott Morrison says the allegations show more change is needed in the financial services industry.
Westpac CEO Brian Hartzer has set the scene for tough years ahead.
Like its big four peers, Westpac’s profit results show a bank in transition. But how long will it take?
Big US-based banks are expected to be well placed to win further equity raisings by top Australian banks.
Westpac is expected to report a fall in its profit for the past financial year and some analysts say it will also cut its dividend.
Banks face a crisis similar to the GFC and are under pressure to raise capital and cut dividends, former Westpac chief David Morgan says.
Kirby & Kohler reflect on a week of sad stories at the bank inquiry as they mark Bob Dylan’s birthday.
Westpac did not pass on “serious concerns” about a financial planner to his subsequent employer, bank inquiry hears.
Westpac was the “most resistant” of the big banks to obeying the law and had “poor culture”, according to an ASIC memo.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/38