Time to start talking about the big five banks?
Australian investors switching out of newly crowned top stock Commonwealth Bank are getting better returns at Westpac and a rising Macquarie.
Westpac
APRA gives Westpac $500m capital reprieve
The prudential regulator has halved the additional capital imposed on Westpac for compliance and governance failures, citing improvements in the bank’s culture and risk management.
CrowdStrike issue has been ‘identified, isolated and a fix has been deployed’
CrowdStrike chief executive George Kurtz said late on Friday a ‘defect found in a single content update for Windows hosts’ caused the outage that struck millions of people across the globe and dozens of Australian companies.
Legal action call as low-income earners wrongly charged millions
Australia’s biggest banks face legal action and will have to repay $28m for systemically charged high fees to those customers who could least afford it, an ASIC investigation has revealed.
Westpac vows to invest in Pacific banking
Westpac has pledged to invest in its Pacific banking operations, as the US and Australia attempt to stem the retreat of Western banks from the region.
CBA, Westpac still expect RBA to lower rates this year
A November interest rate cut is still on the cards according to CBA and Westpac economists as the central bank seeks to protect employment gains as much as possible.
Westpac bonds in demand
Westpac has experienced overwhelming interest in its latest bond issue, attracting more than $4bn of demand on Wednesday for the raise, fixed at $1.5bn.
Westpac takes on allegedly crooked banker
Westpac has launched proceedings against an employee of another bank who allegedly used her role to defraud multiple banks to fund her lavish lifestyle.
Westpac takes on allegedly crooked banker
Westpac has launched proceedings against an employee of another bank who allegedly used her role to defraud multiple banks to fund her lavish lifestyle.
Scuba diver critical after near drowning
A scuba diver is in hospital in a critical condition after being pulled from the water at a remote beach.
RBA’s rate path now a little more narrow: Westpac
Big Four CEO Peter King says while the RBA’s path is more uncertain on stubborn inflation, the divide between consumer and business sentiment remains ‘a conundrum’.
‘High risk’: Bank in hot water over move
Westpac has been sanctioned, with the industry watchdog saying the bank’s move put vulnerable customers at “high risk” of harm.
Westpac CEO search a finely balanced task
The Steven Gregg-led Westpac board is on the hunt for the person with the right mix of banking and leadership skills to lift the lender’s performance and propel growth.
Cost-of-living help could delay mortgage relief
A $60bn jump in federal and state government spending in the coming financial year will add to inflation and risks keeping interest rates higher for longer, new Westpac analysis reveals.
Big change coming for millions of Aussies
Westpac has made a big change to its app that will affect how millions of Aussies are able to pay for everyday items.
Judge’s car crash injuries delay Forum Finance case
A date for the outcome of the $400m Forum Finance fraud case in the Federal Court has been set after the judge involved was injured, forcing delays to finalising the judgment.
Not every company needs to get to net zero: Westpac
The head of Westpac’s business bank says some organisations and sectors can, and must, carry heavier loads than others during the energy transition.
Banks in firing line over home loan hardship
The corporate regulator has warned it may sue three more lenders after initially taking aim at Westpac.
Why the big four banks’ bullish run is looking wobbly
They’ve starred on the share market in 2023-34, but shares in CBA, ANZ, NAB and Westpac look set for tougher times. Here’s why.
Westpac sues insurers to cover Austrac fine
Westpac is seeking a $400m windfall from its insurers and will argue in court it was entitled to cover in the wake of the 2019 scandal.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/5