Westpac ‘liar loans’ crackdown
Westpac will start grilling home loan customers on their spending on everything from pet insurance to gyms and gambling.
Westpac
Inquiry can be ‘circuit breaker’
Former Westpac CEO David Morgan says the royal commission could act as a circuit breaker for the nation’s banks.
How banking became sales game
Banking in 2018 has become a sales game, with Westpac and credit analysis firm Equifax under fire for their practices.
Frazis’ feted Easter wedding
Westpac executive George Frazis has married partner Ken Pratt in corporate Australia’s biggest same-sex marriage to date.
City of the future on its way
Why Westpac is helping to meet the challenges of congestion and housing as our cities prepare to add millions of people.
‘Westpac most resistant to laws’
Westpac was the “most resistant” of the big banks to obeying the law and had “poor culture”, according to an ASIC memo.
Bank still pays flex commissions
Westpac has made no move to stop paying car dealers huge commissions they set for themselves.
Big four in slippery situation
UBS compared what the banks are telling their shareholders with the official statistics on Australian incomes.
Banks ‘not highly profitable’
Westpac says just because Australian banks make large profits doesn’t necessarily mean they’re highly profitable.
Fallout of Hastings sale spreads
Investors in Utilities Trust of Australia have dumped Hastings Funds Management as its manager pending April vote.
Big four didn’t disclose rates
ANZ, NAB and Westpac joined CBA in failing to tell term deposit customers what rate they would get on rollover.
Interest-only loan exodus
Westpac recorded a jump in the number of customers shifting to principal-and-interest repayments in the first quarter.
Westpac traders go ‘Wall Street’
In previously unreleased transcripts linked to a landmark bank bill rigging case, traders have invoked the movie Wall Street.
Calls leave Westpac red-faced
Bank staff talk revealed: lesbian threesomes, RBA interventions and traders “steamrolling” the interest rate market.
BBSW punts ‘like a bet on NRL’
Westpac’s Satruhan ‘Zac’ Sharma compared the alleged manipulation of the BBSW to wild bets on NRL.
BBSW ‘like NRL wild bets’
Westpac director compared the alleged manipulation of the bank bill swap rate to bets placed on the 2010 NRL grand final.
Westpac denies rigging rates
Westpac’s Col Roden was not talking about rate-rigging when he said ‘I may as well f..k it’, the bank’s counsel has said.
Bank attacks warranted: Westpac
Westpac is “disappointed” at the decline in banking’s reputation and hopes a royal commission will restore trust and confidence.
Bank inquiry ‘recession risk’
Westpac’s David Lindberg yesterday said a lengthy inquiry into the banking system could push the nation closer to a recession.
Banks probe ‘to drive up rates’
Westpac chair Lindsay Maxsted says persistent calls for a royal commission could lead to higher funding costs and interest rates.
ScoMo’s crisis talks with banks
Scott Morrison has summoned the chairs of Commonwealth Bank, Westpac, ANZ and National Australia Bank.
Westpac trader grilled
The fate of a rate-rigging lawsuit against Westpac rests in part on the meaning of the word ‘f..k’.
Watchdog gets bite on Westpac
The corporate regulator yesterday won a battle in its rate-rigging war against Westpac.
Westpac staff get $1000 bonus
Westpac has given each of its staff members $1000 worth of shares as part of the bank’s 200th anniversary.
Bank weight stalls ASX 6000 run
ASX bulls skid to a halt as seasonal weakness in major bank stocks and a $2.4bn Westpac hit weigh on sentiment.
BT Financial opens up insurance
Westpac’s move comes as ASIC ramps up its policing of financial planners and the industry attempts to lift its standards.
Hastings deal spurs call for EGM
Hastings shareholders are believed to be calling an EGM over Westpac’s decision to sell it to PE firm Northill Capital.
Backers against Hastings deal
Investors are unhappy that Morrison had been overlooked as a potential buyer of Hastings.
Northill Capital wins Hastings
Northill Capital is believed to have won the contest for Westpac’s Hastings Funds Management.
Court mulls meaning of ‘F’ word
A judge has questioned just what exactly a Westpac trader meant when he said he was going to “f**k the rate set”.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/40