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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 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

Hotel Property Investments announces expected distribution, refinancing and property revaluation
Wednesday, 21 Dec 2016 05:20am EST 

Hotel Property Investments Ltd : Expected distribution, refinancing and property revaluation . Total expected distribution for half year of 22.2 cents . Has refinanced its outstanding loan facilities, entering into new 3 and 5 year loans with Commonwealth Bank And Westpac . Aggregate limit of facilities is $285 million, with $247.3 million drawn or committed at 21 december 2016 . Expected distribution of 9.7 cents per stapled security from trading operations for half year ending 31 december 2016 . Board amended its valuation policy, it will obtain independent valuations for at least 50% of properties each year .Commissioned independent valuations for property portfolio; total valuation at $644.8 million, an increase of $56.5 million.  Full Article

Westpac Banking Corp says asset quality expected to remain sound in year ahead
Thursday, 8 Dec 2016 08:41pm EST 

Westpac Banking Corp : Asset quality is expected to remain sound in year ahead . Competition is also expected to remain intense from both existing competitors and new entrants, particularly in so-called fintech space . Growth is a little uneven across states . Growth in services sector, rise in residential & infrastructure investment & improved net exports gains offset second order effects from slowdown in mining investment . It is likely that additional stress will emerge in sectors and regions undergoing some structural change . Outlook for Australia and New Zealand remains positive .Global environment seems particularly volatile at present, domestic fundamentals are sound.  Full Article

Westpac Banking Corp says asset quality expected to remain sound in year ahead
Thursday, 8 Dec 2016 06:25pm EST 

Westpac Banking Corp : Asset quality is expected to remain sound in year ahead . Competition is also expected to remain intense from both existing competitors and new entrants, particularly in so-called fintech space . Growth is a little uneven across states . Growth in services sector, rise in residential & infrastructure investment & improved net exports gains offset second order effects from slowdown in mining investment . It is likely that additional stress will emerge in sectors and regions undergoing some structural change . Outlook for Australia and New Zealand remains positive .Global environment seems particularly volatile at present, domestic fundamentals are sound.  Full Article

Westpac Banking will issue tier 2 subordinated instruments on Oct 7
Friday, 7 Oct 2016 01:01am EDT 

Westpac Banking Corp : Westpac will issue tier 2 subordinated instruments on ct 7 . Issue of tier 2 subordinated instruments will not have a material impact on Westpac's financial position .Proceeds of issue, less costs of issue, will increase Westpac's total capital ratio on a level 2 basis by less than 0.1%.  Full Article

Westpac Banking Corp issues dividend update
Monday, 5 Sep 2016 04:32pm EDT 

Westpac Banking Corp: Westpac views over securities in BHP . amending dividend payable on Westpac views over securities in BHP from $0.1819 per security to $0.1852 per security .  Full Article

Westpac Banking comments on Moody's revision to outlook
Thursday, 18 Aug 2016 09:17pm EDT 

Westpac Banking Corp : Westpac comments on Moody's revision to outlook . Moody's affirmed westpac's current issuer credit rating of aa2 long term and p-1 short term but revised outlook from "stable" to "negative" . This rating action has impacted other rated Westpac subsidiaries, including Westpac lenders mortgage insurance limited .  Full Article

ACCC continues review of banks’ application for authorisation to bargain with Apple
Thursday, 18 Aug 2016 07:49pm EDT 

Commerce Apple pay platform : ACCC says continuing to assess applications for authorisation by Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank and Bendigo and Adelaide Bank . ACCC says the accc has considered interim authorisation within a short timeframe at the request of the applicants . Australian competition and consumer commission says expect to release a draft decision in October 2016 .  Full Article

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