How Westpac’s ‘noodle nation’ IT led it to Austrac
A ‘noodle nation’ of complex software was behind a systems failure that led to Westpac stumbling into Austrac’s crosshairs.
Westpac
Westpac’s mission impossible
Is it mission impossible to escape from the Austrac snafu without further damage to the bank?
Westpac lines up life unit for sale
Resolution Life is shaping up as a likely buyer for Westpac’s life insurance business.
Penalty the sticking point
It’s now looking very unlikely that Westpac and Austrac will walk hand-in-hand to the Federal Court on Friday.
Confidence in record comeback
Consumer confidence bounced back from crushing lows to post record gains in April as the nation’s path to normality became clearer.
Austrac, Westpac yet to agree on breaches
Westpac and Austrac are yet to sign off on a shortened version of agreed facts over the bank’s alleged financial crimes law breaches.
Westpac shaves rates on savings
Westpac is the latest major bank to cut interest rates across a slew of deposit accounts.
Westpac taps Goldman Sachs
Goldman Sachs is believed to be working with Westpac to assess options for its saleable wealth management assets.
Investors back Westpac result
Investors have given Westpac a cautious thumbs-up for its half-year result.
Westpac move a win for wealth platforms: Citi
Westpac’s decision to restructure wealth is a positive for groups such as Netwealth and HUB24, Citi says.
Westpac to cut coal ties by 2030
Westpac will withdraw all support for the thermal coal industry by 2030.
Put reform on fast track: Westpac
Westpac chief Peter King has called for quick decision-making and a round of reforms to kickstart economic activity.
Profit drop no worry for Westpac
The major banks led an intraday reversal on the market, as Westpac shrugged off a profit slip while Afterpay rocketed up by 24pc.
King bundles problem units to simplify
New Westpac chief Peter King’s strategy aims at fixing compliance failures and freeing the bank of businesses that chew up capital.
Digital a trend you can bank on
The digital revolution is one trend to emerge strongly during the COVID-19 lockdown, with cash unwanted and banks issuing cards.
Virus hardship hits Westpac mortgage holders
105,000 mortgage account holders representing $39bn have lodged requests to hit the pause button on loan repayments.
Westpac’s King goes back to basics
If this quarter is the worst, with a bounce back in the December quarter, it might not all be as bad as feared.
Disaster is in the eye of the beholder
As profits tumble and once sacred dividends evaporate, our bank CEOs are spinning any which way they can.
Westpac defers dividend as profit plummets
Westpac’s 37 year unbroken run of dividends is under threat after it deferred returns as half-year cash profit crashed 70 per cent.
Westpac offers personal loan interest-free period
Westpac has extended its interest free support measures to its personal loan customers.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/48