House price to surge 15 per cent, bank says
One of Australia’s major banks believes house prices will surge by almost 15 per cent in late 2021 after a period of “distressed” sales.
Westpac
Westpac does Zip for max return
It’s been a good investment, but that’s all down to the work of Zip and its founders Larry Diamond and Peter Gray.
De Bruin fills last Westpac role
Chris De Bruin was recruited from Deem in Dubai, one of the largest non-bank financial institutions in the Middle East.
Westpac appoints new executive
Westpac has chosen a South African with a strong background in fintech and digital banking as the new head of its retail banking division.
Westpac keen to offload $700m general insurance unit
Westpac is expected to launch the sales process for its general insurance operations early next year, according to sources.
Banks weigh on ASX, $A up on RBA
Australia’s S&P/ASX 200 share index slipped 0.1pc by the close in quiet trading, while the Aussie dollar was stronger after the release of RBA minutes.
Clue to potential future rate cut
A subtle change in wording by the Reserve Bank could signal a rate cut is on the cards, one of Australia’s leading economists says.
‘We haven’t made any decisions’: Westpac
Westpac chief executive Peter King has not ruled out selling the bank’s Pacific operations to a Chinese buyer.
Loan deferral rates ease
Westpac and Suncorp have seen the biggest drop in the level of loan deferrals on their books.
PNG’s Kina Securities raises for growth
ASX-listed PNG wealth manager Kina Securities’ $91m raising comes as Westpac is set to close its Pacific banking operations.
Consumer confidence ‘roars back’
Australians’ confidence has rebounded as households shrug off the recession and Victorian infections are brought under control.
Westpac delivers blow to savers
Westpac has taken the knife to savings rates on its deposit accounts in another financial blow to savers.
Key area where virus state lags behind
Victoria is not keeping up with the other states in this key area as lockdowns continue to choke the state’s economy, new figures reveal.
Shares dip as $A soars
The Australian dollar is likely to keep rising towards US75c this month, according to Westpac.
Westpac set to offload Pacific operations
Westpac is believed to be close to selling its Pacific banking operations, according to sources.
Westpac nabs GS banker
Goldman Sachs Australia’s first female partner and Australian head of securities has left the investment bank.
Qantas in new $400m bond issue
Qantas is tapping the bond market in an issue that is expected to be worth more than $400m.
Westpac, StatePlus in fees-for-no service ASIC hit
Westpac’s has a new headache after ASIC toook new action stemming from the Hayne inquiry.
Bank vows to stamp out the hard sell
Westpac has made a big change to operations that it says will ensure customers won’t get saddled with products they don’t need.
Westpac building a buffer
Capital isn’t everything in a crisis but it counts for a lot.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/43