Westpac braces for virus loan shock
Westpac expects COVID-19 loan losses could hit $1.6bn, but sources say the bank will avoid raising fresh capital.
Westpac
Doctors, accountants, lawyers feel Westpac pinch
Westpac is introducing tighter credit policies, making changes that will affect doctors, accountants and lawyers.
‘Once in a lifetime’: Westpac flags COVID-19 loans hit
Westpac has given a much gloomier assessment of the economy than NAB, outlining expected COVID-19 loan losses double that of its rival.
Westpac next bank to raise equity
Westpac is expected to be the next bank to head to the market for an equity raising.
Westpac next to raise
Westpac is expected to be the next bank to follow NAB into the market for an equity raising.
‘Pressured’ banks to deliver $6bn in profits
Three major banks are poised to report combined interim profits of more than $6bn over the next two weeks.
Offer to suspend credit card interest
Westpac is offering to suspend credit card interest payments for customers hit by the coronavirus downturn.
Oil trader collapse hits ANZ, Westpac
Australian banks and Macquarie Infrastructure have been caught up in the collapse of one of the world’s biggest oil traders.
NAB leaves ANZ in writedowns spotlight
ANZ is firmly in the spotlight as large potential loan losses loom in the banking sector.
An active achievement
Nagnata wins the Westpac Award for emerging designers, and Clare Waight Keller out at Givenchy
Analysts flag Westpac to suspend or cut dividend
How likely is Westpac to pay an interim dividend to shareholders?
‘Disturbing’: record consumer confidence slump
Consumer confidence has suffered its biggest plunge on record, falling to levels not seen since the ‘recession we had to have’, Westpac reports.
Energy drag cuts short ASX rally
Shares rallied early but a dismal consumer confidence print took its toll, sending the ASX lower by 0.4pc at the close.
Hartzer’s eyes still on dividends
Like self-funded retirees coast to coast, sacked Westpac boss Brian Hartzer will be watching for Westpac board updates with interest.
Westpac facing $1.4bn hit
Westpac is warning a billion dollars in AUSTRAC costs, as well as COVID-19 provisions, will deliver a material hit to first half results.
Evans a public servant who left his mark
Former federal Treasury secretary and Westpac chairman Ted Evans died on Sunday aged 79.
S&P lowers outlook for banks
S&P flags lower loan growth as a risk, as the big four confront the pressures of the coronavirus.
Sharp bank losses erase ASX lift
A bank battering in the final throws of trade erased ASX gains as much as 2pc, with Westpac worst hit.
New Westpac boss prepares for king hit
New Westpac chief executive Peter King will focus on a sweeping overhaul of the bank’s approach to risk.
A safe choice for the times
Peter King is seen as a safe pair of hands with intimate knowledge of Westpac’s funding, balance sheet and how to navigate a crisis.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/49