ASX’s biggest weekly fall in six months
ASX down 2.3 per cent this week. AGL slams nuclear debate as muddying landscape. ASIC concerned by Westpac process. Tabcorp CEO’s comment was about female regulator. ARN Media lifts Southern Cross bid.
Westpac
Westpac shake-up: new chair fast tracks hunt for CEO
The banking major’s board is actively looking to replace CEO Peter King by the end of the year, a group of analysts and investors have been told in briefings with new chairman Steven Gregg.
APRA removes NAB’s $500m culture penalty
The prudential regulator has removed a $500m capital add-on it slapped on NAB five years ago, but keeps quiet on Westpac and ANZ penalties.
Major bank closing city branches
One of Australia’s big four banks has announced another round of bank branch closures in two major cities.
Major bank closing city branches
One of Australia’s big four banks has announced another round of bank branch closures in two major cities.
Aussies buoyed in home ownership hopes
Australians are feeling more confident about their home buying plans, and they’re prepared to make big changes to crack into the housing market.
Aussies buoyed in home ownership hopes
Australians are feeling more confident about their home buying plans, and they’re prepared to make big changes to crack into the housing market.
‘Forget loyalty’: Big bank’s new job cuts
One of Australia’s biggest banks has just announced a new round of job cuts, with some of the positions set to move offshore.
‘Mr Bean’ gaffe highlights approach to rural banks
Westpac addressed ‘Mr Bean’ in an email notifying the SA council of Kingston their last bank branch would close. No one resembling Rowan Atkinson lives there.
Westpac upgrades outlook, sees resilient economy
Westpac management upgraded their working forecasts for unemployment as well as residential and commercial property prices this year, citing a cooling but resilient economy.
ASX ends flat; Lendlease leads property falls
Economy to remain resilient: Westpac. Bendigo Bank sees competition issues in ANZ’s Suncorp bid. Boral gains, Seven Group dips on takeover play. APM, A2 Milk soar.
Banks in the spotlight for acquisition activity
It’s a big week for banking – Westpac is reporting its results, as is Bendigo and Adelaide Bank, and then there is the court decision over ANZ’s acquisition of Suncorp Bank.
Red flags: Westpac rolls out financial abuse alerts
Suspicious payments will be flagged across 150,000 Westpac accounts with power of attorney arrangements as part of a new alert system to tackle financial abuse.
Judge slams ‘risible’ fine against Westpac
A Federal Court judge says the maximum $1.8m fine he has imposed against Westpac for an unlawful multibillion-dollar trading transaction would disappoint the public.
ASX jumps to record high on rate cut hopes
Market pricing two 2024 rate cuts, from August, as inflation cools more than expected. ASX sets record intraday and closing highs. Aussie dollar drops. Judge slams Westpac penalty. IGO mothballs nickel mine.
Supermarkets face their own moment of reckoning
Coles and Woolies need to win back trust. But it’s consumers – not governments – that should hold them to account.
Cruise ship worker flown to hospital
A man has been winched from a cruise ship after suffering a serious medical condition off the Australian coast.
Reserve Bank won’t rush to follow Fed
The RBA won’t rush to follow expected interest rate cuts by the US Fed this year but could start its own rate cutting cycle in September, Westpac’s Luci Ellis says.
ASX a sea of red, down 1.1pc to four-week low
Consumer gloom continues, according to Westpac survey. Rio flags second-half China recovery. Lovisa, Seven, Super Retail hit by analyst downgrades.
RBA changes nothing to worry about, says Ellis
Former RBA assistant governor and Westpac chief economist Luci Ellis says the concerns expressed by the Reserve Bank’s ex-governor, Ian Macfarlane, are understandable, but unnecessary.
Original URL: https://www.theaustralian.com.au/topics/westpac/page/8