Westpac

• Ian Rogers

A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more

• John Kavanagh

Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more

• John Kavanagh

Westpac has launched an ambitious upgrade of its technology simplification program in a bid to improve customer outcomes and bring its cost-to-income ratio down to the level of its better performing b.. read more

• Banking Day staff

Westpac has moved its audit business from PwC, its auditor of 50 years, to KPMG.  read more

• John Kavanagh

Westpac raised A$2.75 billion through an issue of residential mortgage-backed securities, WST 2024-1, upsizing the transaction from $750 million at launch and paying 105 basis points over the one-mont.. read more

• Banking Day staff

Senior Treasury official Sarah Hunter will join the Reserve Bank in January as its chief economist and assistant governor (economics). read more

• John Kavanagh

With the agricultural sector accounting for 2 per cent of Westpac’s total committed exposures but a hefty 26 per cent of its financed emissions, the bank is working with the industry to develop tools.. read more

• Banking Day staff

Business lender Scotpac has formed a partnership with foreign exchange and trade finance provider Ebury. read more

• John Kavanagh

Westpac has completed the bookbuild for its latest issue of additional tier 1 securities, pricing the issue at a wider margin than the margins on recent issues by NAB and ANZ. read more

• George Lekakis

Two of Australia’s major banks are considering whether to offer discounted interchange fees for small businesses under a special program currently being rolled out by Visa. read more

• Ian Rogers

Westpac has commenced a tender for its external audit services, and PwC has been told it need not apply. read more

• John Kavanagh

Westpac chief executive Peter King and some of his group executive team now have climate related measures included in their remuneration packages. read more

• John Kavanagh

Westpac chief executive Peter King has outlined an ambitious technology investment program for the next couple of years, as the bank looks to move on from years focusing on risk management fixes, cust.. read more

• Ian Rogers

Mortgage delinquencies are on the rise and approaching the recent Covid peak of late 2021, Westpac’s full year results show. read more

• John Kavanagh

Westpac reported a net profit of $7.2 billion for the 12 months to September – an increase of 26 per cent over the previous corresponding period. But most of the gains were in the first half of the ye.. read more

• John Kavanagh

Westpac is moving into the health payments market, announcing that it will acquire health claims processing business HealthPoint. read more

• Banking Day staff

Commonwealth Bank has launched an interest free finance product for solar panel and battery systems. read more

• Banking Day staff

Yellow Brick Road shareholders backed a resolution at an extraordinary general meeting yesterday to remove the company from the ASX official list.  read more

Former Westpac and Commonwealth Bank executive Anthony Hughes has been appointed chief executive of Teachers Mutual Bank. read more

• George Lekakis

Following a ten-month search for a new chairman, Westpac yesterday announced it will appoint a former investment banker and management consultant with deep experience in the oil and gambling sectors t.. read more