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.
Westpac
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.
Westpac’s King cautions on budget, rates
The bank’s CEO says Jim Chalmers has an ‘unenviable task’ with the budget, warning rates may not drop until 2025.
‘Call us’: Major bank’s plea to homeowners
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
ASX ends up 0.7pc; Westpac lifts investor mood
Australia’s sharemarket rose for a third day running, tracking the US market to its highest daily close in almost two weeks, after cooling non-farm payrolls data gave hope of a soft economic landing with interest rate cuts.
Mortgage war over as Westpac ends loan cashbacks
Westpac announced on Friday it was pulling back from the mortgage wars, signalling a June 30 deadline for its remaining brands to tempt customers with cashbacks.
It’s a two-speed house market, says bank
There is now a clear ‘two-speed’ property price growth duality across Australia’s major capital cities, as others outpace Sydney and Melbourne, says Westpac.
ASX gives up gains; Woodside climate defeat
Richard Goyder survives as Woodside chair but investors reject climate plan. Westpac, AMP, Citi and UBS push back rate cut timing after CPI data. Kogan dives. Star ex-CEO felt ‘under attack’ from NICC.
No takers for RAMS as Westpac scraps sale process
Westpac has scrapped the sale of its mortgage broker franchise business RAMS Home Loans after an unsuccessful Morgan Stanley-led attempt to sell it couldn’t secure an acceptable offer.
ASX up; Star not fit for casino licence: chair
Chair says Star may need further supervision by regulator. Crown Sydney granted full gaming licence. Brambles falls amid ongoing inventory, price strain. Ramsay Health Care lifts on Wesfarmers ‘interest’.
Stars are aligning for copper: Citi
Buy copper now or pay the price of cost increases and missed opportunities in a new secular bull market, Citi says. Also today: Guzman y Gomez’s $134.5m raise. Analyst upgrades boost Ansell and Elders.
Macquarie, Westpac Bendigo potential buyers of Judo
Sources say Macquarie has been running the numbers on Judo for a potential acquisition of late and there’s speculation Judo was sized up by Westpac boss Peter King.
Why we need to teach money skills in school … urgently
A remarkable story from a bank branch in Sydney tells us much about the need for financial literacy in schools.
Westpac CEO walks a costly path out of tech wilderness
Bank tech overhauls are dangerously complex, eye-wateringly expensive and are never delivered on time. So why move now?
Westpac flags budget blowout for tech overhaul
Westpac boss Peter King admits possible cost overruns are on the table for the bank’s multibillion-dollar tech overhaul, saying it could take more than the four years budgeted.
Westpac confident of tech revamp by end of 2027
Westpac’s multi-billion dollar technology restructure is ‘very doable’ by the end of 2027 and its completion is not contingent on the current management team, CIO Scott Collary says.
Major bank’s huge move on scammers
While criminals siphon hundreds of millions of dollars via scams each year, one bank has launched a new defence.
Westpac eyes acquisitions but target unclear
There is talk that Westpac is considering acquisitions to enhance its technological capabilities, at the same time as it seeks a successor for departing chief executive Peter King.
Regulator raises concerns over Westpac chairman process
ASIC has raised concerns about the future of Westpac’s CEO after The Australian reported chairman Steven Gregg communicated succession plans to a selected group.
Westpac needs external CEO for ‘significant turnaround’
Westpac’s significant operational turnaround needs the introduction of an external chief executive officer sooner rather than later, banking industry experts say.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/7