(Reuters) – Australia’s corporate regulator said on Wednesday that a court found Westpac engaged in unethical conduct while carrying out an A$12 billion ($7.88 billion) interest rate swap transaction in…
(Reuters) – Australian lender Westpac said on Wednesday it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that was beset by regulatory…
(Reuters) – Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with each having its own CEO, effective Aug. 1. The bank…
SYDNEY (Reuters) – Australia’s central bank is set to lose a top official to the private sector amid a broader shake-up that could soon see its chief replaced. Westpac announced…
SYDNEY (Reuters) – Westpac on Friday lifted its forecast for Australia’s cash rate peak to 4.6%, tipping quarter-point hikes in July and August, joining other major banks that are expecting…
(Reuters) – Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates…
(Reuters) – Commonwealth Bank of Australia (CBA) expects the country’s central bank to pull brakes next week on one of the most aggressive tightening cycles in decades as data signalled…
(Reuters) – Westpac Banking Corp said on Friday its common equity tier-1 ratio in the first quarter fell sequentially as the lender increased provisions for bad debts. The bank did…
(Reuters) – Australia’s Westpac Banking Corp warned on Monday that its second-half reported net profit and cash earnings will be reduced by A$1.3 billion ($824 million) after tax, citing a…
By Shashwat Awasthi and Byron Kaye (Reuters) -Three of Australia’s biggest banks are considering a bid for payment terminals firm Tyro, underscoring the importance of new revenue streams as rising…
SYDNEY (Reuters) – Afterpay, the Australian payments firm bought by Jack Dorsey’s Block Inc, and Australia’s Westpac Banking Corp ended a partnership after the firm cancelled a smartphone app it…
(Reuters) – Westpac Banking Corp said on Thursday it would sell one of its financial advisory businesses, Advance Asset Management, to pension fund Mercer Australia, as part of the bank’s…
(Reuters) – An Australian court ordered Westpac Banking Corp to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across its businesses, after hearing the last of the…
(Reuters) – Australia’s Federal Court on Friday ordered lender Westpac Banking Corp’s superannuation agent to pay A$20 million ($14.96 million) in penalty for incorrect insurance charges. The court said BT…