There are mistrusted banks… and there’s AMP and Westpac
AMP, Bank of China and Westpac are the nation’s least-trusted banks to do the right thing by customers, a survey has shown.
Westpac
Westpac to be BEAR guinea pig
Alleged money laundering breaches will land Westpac in the clutches of significant regulatory powers known as the BEAR.
No quick end to Westpac scandal
Westpac investors hoping for a super-quick resolution to the Austrac scandal will be disappointed.
Westpac flags hit to earnings
The bank expects to take a $140m hit to first half earnings due to bushfires and hailstorms, and costs from the Austrac scandal.
Wagyu case food for thought
It’s likely lunch will be at the desk in chambers this week as the Westpac ‘wagyu and shiraz’ appeal begins.
Confidence remains weak
Australian consumer confidence has bounced to a three-month high but is still ‘firmly in pessimistic territory’.
Westpac stung over NZ credit cards
Westpac will pay back $NZ3.7m to New Zealand customers after admitting it failed to meet credit card rules.
‘Known, ongoing risks’: Westpac board warned
Westpac’s board was warned it was taking risks ‘outside of its appetite’ two years before Austrac swooped.
Data worry for Westpac
Key Westpac outsourcing partner accused of allowing serious security breaches and unauthorised access to the bank’s data.
Westpac shares downgraded
Growth and profitability at Westpac’s retail bank is under pressure, according to Morgan Stanley.
Westpac’s King and Hartzer accused in US class action
It’s the second class action lawsuit launched against Westpac over the child exploitation scandal.
Wells Fargo ban raises stakes
The life ban imposed on former Wells Fargo boss John Stumpf puts bank executive accountability in an entirely new context.
How Westpac lured McFarlane out of retirement
Westpac chairman-elect John McFarlane was adamant he was done with corporate life when he returned to Australia last October.
Bank bashing ‘hurts economy’
Relentless bank-bashing will erode the industry’s $14bn contribution to government coffers, incoming Westpac chair John McFarlane warns.
McFarlane must win over investors
On paper, John McFarlane ticks all the boxes, but his track record raises questions.
The tough operator Westpac needs
John McFarlane will brings gravitas, experience and style to the position of Westpac chair, and is a safe pair of hands.
McFarlane plots ‘needed change’ at Westpac
‘Battle hardened’ incoming chair John McFarlane says Westpac has obvious governance issues and change will be a priority.
Stocks slip as cut calls delayed
Shares clocked their worst session for the year after a surprise lift in employment numbers, as economists pushed back their rate cut calls.
ASIC’s Peter Kell joins Promontory
Former ASIC deputy chairman Peter Kell has joined the global risk management consultancy Promontory Financial Group.
Bushfires a blow to confidence
January’s dive in consumer confidence due to bushfires could have been worse had it not been for recent rain.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/51