Social media giant hit by scams fury from Westpac
Meta has been accused by Westpac of failing to deal with a scam and fraud epidemic, with the big four bank taking aim at the tech player for failing to deal with fake posts.
Westpac
New NAB boss raises the bar
In her first interview as head of NAB’s corporate and institutional bank, Cathryn Carver talks culture, customers and growing the business.
Major bank shuts down troubled lender
One of Australia’s banking giants has shut down a home loan lender, ending a 33-year-run for the troubled business.
Westpac calls time on troubled lender RAMS amid class action
Westpac will immediately close RAMS to new home loan applications and while the bank has settled with franchisees, about 150 support staff are yet to learn their fate.
‘Like a movie’: Sydney fintech scores $37m for US expansion
Westpac-backed Rich Data Co has secured $9m from Acorn Capital to complete its Series B raise as it eyes signing up more US banks to its tech that uses AI to accelerate lending decisions.
Westpac tipped to sell off auto loan back book
Westpac is believed to be offloading its retail auto loan back book in a move that some industry experts expect will see it wind up in the hands of a debt collection company.
Westpac inks safety deal with Optus
Westpac has signed a deal with Optus which will see the bank’s customers take calls through their banking app in a bid to defeat scammers.
Horror reason couple nearly lost $350k
A Queensland couple thought they were investing their cash safely, but when their bank got involved, they learned how close they’d been to losing a small fortune.
Sustainable tree-clearing or deforestation? Graziers take on EU
Land clearing rates in Queensland have fallen 64 per cent since controversial vegetation management laws were introduced.
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.
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’.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/5