‘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
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.
‘Suspected anomalies’ behind RAMS’ franchisee cull
RAMS terminated a third of its franchisee network after it found ‘suspected anomalies’ in loan applications, but is now facing a class action for unconscionable conduct.
Westpac battles RAMS class action, regulatory probes
The lender is now contending with a lawsuit brought by former RAMS franchisees alongside regulatory investigations into its under-fire subsidiary.
‘Easy’ way Aussies can earn hundreds
A simple prompt could help earn Aussies hundreds of dollars, as a major bank announces a new alert system.
ASX 200 falls; Karoon hit with first strike
Shareholder revolt at Karoon Energy AGM. Qenos creditors agree to collapsed group’s sale. BHP risks overpaying for Anglo American: RBC. Xero soars while Nufarm falls after results.
Tax bracket creep pressuring households
Westpac chief economist Luci Ellis says tax bracket creep is pressuring households more than interest rate hikes.
Major bank’s call on pending tax cut
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
Banks slipping in battle with private credit
Tight regulatory constraints and cautious management will condemn the big banks to an inevitable decline. But the impact of private credit is growing.
Australia headed for soft landing: Westpac boss
The banking major is expecting a ‘soft landing’ for the Australian economy, with slightly higher unemployment but continued growth, says CEO Peter King.
Westpac’s business lending growth battle for supremacy
Westpac has a clear set of plans to target agribusiness, health and professional services in order to grow its business bank and take market share from its competitors.
Westpac mortgagees take rate hikes in stride
Bank CEO Peter King says the majority of its home loan borrowers are ahead on repayments as competitive pressures ease.
As Westpac ends Austrac pain, what’s next for CEO King?
A major milestone almost went unnoticed as Peter King says there’s more to be done to get the bank match fit.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/6