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Westpac Banking Corp (WBCPB.AX)

WBCPB.AX on Australia Stock Exchange

100.82AUD
16 Sep 2014
Change (% chg)

$-0.03 (-0.03%)
Prev Close
$100.85
Open
$100.85
Day's High
$100.85
Day's Low
$100.80
Volume
10,923
Avg. Vol
--
52-wk High
--
52-wk Low
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Latest Key Developments (Source: Significant Developments)

Westpac completes bookbuild of 60 mln shares in BT Investment Management
Wednesday, 24 May 2017 06:07pm EDT 

May 25 (Reuters) - Westpac Banking Corp :Completes bookbuild of 60 million shares in BT Investment Management Limited."Shares priced at the top end of the range, at $10.75 per share "."Settlement of the offer is expected to occur on Friday, 26 May 2017".  Full Article

Westpac Banking completes bookbuild of 60 mln shares in BT Investment Management
Wednesday, 24 May 2017 04:30pm EDT 

May 25 (Reuters) - Westpac Banking Corp ::Westpac completes bookbuild of 60 million shares in BT Investment Management.  Full Article

Westpac Banking says institutional offer of 60 mln shares in BT Investment Management
Wednesday, 24 May 2017 02:46am EDT 

May 24 (Reuters) - Westpac Banking Corp :announces BT Investment Management (BTIM) institutional offer.Westpac banking says fully-underwritten offer of 60 million shares in BT Investment Management to institutional investors.Offer price range has been set as $10.25 to $10.75 per share.Following completion of offer, westpac's ownership in btim will reduce from 29% to 10%.Completion of offer is expected to add approximately 10 basis points to westpac's common equity tier 1 capital ratio.Westpac banking corp says will sell remaining 10% shareholding in bt investment management in the future.  Full Article

Westpac Banking Corp responds to budget announcements by the Australian government
Tuesday, 9 May 2017 09:22pm EDT 

May 10 (Reuters) - Westpac Banking Corp ::Budget announcements impacting major banks-WBC.AX.Liabilities subject to levy will include items such as corporate bonds, commercial paper, certificates of deposit, tier 2 capital instruments."Currently working through details and will require further information to confirm specifics of calculation for Westpac".It is currently uncertain what financial impact for Westpac (as a result of the budget announcements) will be.Consultation on levy is expected to take place soon.  Full Article

Westpac Banking Corp H1 cash earnings up 3 percent
Sunday, 7 May 2017 05:52pm EDT 

May 8 (Reuters) - Westpac Banking Corp :HY cash earnings $4,017 million, up 3%.HY reported net interest margin decreased 4 basis points to 2.05%.HY statutory net profit $3,907 million, up 6%.94 cents per share interim, fully franked dividend."We remain positive about Australian housing market, although we expect price growth to moderate through 2017"."2017 financial system credit is expected to grow at around 5.5%".H1 2017 Common Equity Tier 1 Ratio (APRA BASEL III) 9.97 percent versus 10.47 percent."Housing credit growth is likely to ease a little as demand slows".HY net interest income $7,693 million versus $7,653 million.H1 2017 cash earnings return on average ordinary equity 13.95 percent versus 14.15 percent last year.  Full Article

NZX Regulation places trading halt on Westpac ordinary shares and debt securities
Sunday, 7 May 2017 04:39pm EDT 

May 8 (Reuters) - NZX Regulation::Placed trading halt on Westpac Banking Corporation ordinary shares and debt securities.  Full Article

ACCC denies authorisation for banks to collectively bargain with Apple, boycott Apple Pay
Thursday, 30 Mar 2017 07:05pm EDT 

Australian Competition And Consumer Commission- : ACCC denies authorisation for banks to collectively bargain with Apple and boycott Apple Pay . "ACCC is not satisfied, on balance, that the likely benefits from the proposed conduct outweigh the likely detriments" . "Concerned that the proposed conduct is likely to reduce or distort competition in a number of markets" .Says banks sought authorisation to bargain with Apple for access to near-field communication (NFC) controller in Iphones, reasonable access terms to App store.  Full Article

Westpac Banking enters into enforceable undertaking with ASIC
Tuesday, 14 Mar 2017 09:17pm EDT 

Westpac Banking Corp : Westpac enters into an enforceable undertaking with ASIC-WBC.AX . Entered into an enforceable undertaking with Australian Securities And Investments Commission . Westpac has also agreed to make a $3 million community benefit payment to financial literacy Australia . Enforceable undertaking following investigation into wholesale spot foreign exchange (fx) trading activity between jan 2008 and june 2013 . Payment to financial literacy australia to assist in addressing financial capability of vulnerable people, including women experiencing family violence, elderly and youth at risk .As part of enforceable undertaking, co will continue to progress its program of strengthening processes in spot FX trading business.  Full Article

Westpac Banking Corp says deputy CEO Phil Coffey has decided to retire
Monday, 13 Mar 2017 10:17pm EDT 

Westpac Banking Corp : deputy chief executive officer Phil Coffey has decided to retire . Coffey will leave Westpac Group on 31 may 2017 .Coffey will continue in his role as chairman of Westpac Bicentennial Foundation.  Full Article

Westpac Banking says CET 1 capital ratio 9.26 pct at 31 Dec
Monday, 20 Feb 2017 04:12pm EST 

Westpac Banking Corp : Westpac's common equity tier 1 (CET1) capital ratio was 9.26% at 31 December 2016, down 22 basis points from 30 September 2016 .Total RWA increased $1.4 billion (0.3%) this quarter.  Full Article

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BRIEF-Westpac Banking completes bookbuild of 60 mln shares in BT Investment Management

* Westpac completes bookbuild of 60 million shares in BT Investment Management Source text for Eikon: Further company coverage: