ASIC drops ‘compliance’ charges against Westpac
ASIC cleared Westpac, just four months after rival CBA received a similar reprieve for its financial crimes failures.
Westpac
Iron ore surge pushes Fortescue past Westpac
A softer market may await in 2021, capping the boom-like conditions for Australia’s iron ore miners.
Aussies’ Christmas plans revealed
A new report has found Australians have become more conscious about their spending but are seeking to support local businesses this Christmas.
Afterpay soars, ASX trims gains
The S&P/ASX 200 rose 0.3% after the closing match trimmed gains fuelled by US optimism. Afterpay shares jumped nearly 9 per cent on news of a new partnership with eBay.
How ‘PNG’s Macquarie’ landed Westpac
Two years after he first contemplated buying Westpac’s PNG business, Kina Securities’ Greg Pawson got the deal over the line. There’s more to come.
A year of agility and great change
COVID-19 has accelerated what was already a rapid adoption of digital banking, says Westpac chief Peter King.
Westpac flags more consistent dividend policy
Westpac hopes to return to a ‘more consistent dividend’ every six months, as it sidestepped a third strike against executive pay.
Westpac’s pledge to shareholders
Australia’s second largest bank says it will do better in 2021 and pledges to pay its shareholders a proper dividend in the coming year.
How Australia’s banks missed out
Westpac’s retreat from the Pacific ends a visionary era – and holds lessons for today’s new generation of fintech entrepreneurs.
ASX extends gains to new 9-month high
Stocks make 7th consecutive daily gain, hitting another nine-month intraday high on their way to the highest S&P/ASX 200 close since late February.
Westpac offloads Pacific arm
Westpac takes further step to trim its international operations, selling Pacific businesses to ASX-listed Kina Bank for up to $420m.
Westpac risk culture slammed
The prudential regulator has delivered a stinging rebuke to Westpac over its poor risk management.
‘Not good enough’: Watchdog’s swipe at Westpac
The banking regulator has told Australia’s second largest bank it must do more to offset failings that led to a money laundering scandal.
Iron ore lifts ASX, Macquarie in $2.3bn deal
The ASX rose 0.4pc to a 5-day high on a daily close basis and the $A stayed firm after hitting a more than 2-year high in early trading. Resources led after a jump in iron ore and oil prices
Westpac exec exits after NZ reports probe
Westpac has conducted an internal probe into liquidity reporting failings in New Zealand, leading to the departure of a key executive.
Westpac gets lift with $725m insurer sale
Westpac’s simplification program under new chief executive Peter King has accelerated with the $725m sale of its general insurance arm to Allianz.
Westpac cops a pounding
Westpac is too complex and paying the price for the poor integration of St George Bank after its acquisition in 2008.
ASX rises, RBA holds, regulators hit Westpac, CBA
ASX 1.1pc higher after encouraging economic figures, as the RBA keeps rates unchanged and as Westpac and CBA face regulatory action.
Westpac sells insurance division to Allianz: sources
Westpac is understood to have sold its general insurance division to the world’s largest insurer for about $700m.
Westpac hit with new action
Banking regulators have hit Westpac with yet more enforcement action for ‘material breaches’ of prudential standards.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/39