Westpac Banking Corp (WBC.AX)
* Issue of tier 2 subordinated instruments will not have a material impact on Westpac's financial position
WELLINGTON, Sept 21 Australia's Westpac Banking Corp and ANZ Bank will close 26 mainly rural branches around New Zealand by mid-November, the companies said on Wednesday, as customers shift to online banking.
(The following statement was released by the rating agency) SYDNEY, September 14 (Fitch) Fitch Ratings has affirmed Westpac Banking Corporation's (WBC, AA-/Stable/F1+) AUD27.2bn of outstanding mortgage covered bonds at 'AAA'. The Outlook is Stable. KEY RATING DRIVERS The rating is based on WBC's Long-Term Issuer Default Rating (IDR) of 'AA-', an unchanged Discontinuity Cap (D-Cap) of 4 notches and the asset percentage (AP) of 89% used in the programme's asset coverage test, which Fitch reli
* Shares down 3.4 pct to one-month lows (Adds analyst comment, updates shares)
SYDNEY, Aug 11 Australia's No.3 lender Westpac Banking Corp said on Thursday its level of stressed assets edged up in the three-months to June as a mining downturn led to higher corporate as well as consumer defaults.
HONG KONG, June 15 The structured commodity finance division of Australia's Westpac bank expects revenues to grow by a third this financial year as new products gain momentum, but business is likely to level out next year as the global economy falters.
ZURICH, May 26 Swiss bank UBS has recruited former Westpac Chief Executive Gail Kelly as a senior global adviser to its top management, according to a memo seen by Reuters.
SINGAPORE, May 25 (IFR) - Westpac Banking Corporation has priced a A$2.3 billion (US$1.7 billion) offering of five-year dual-tranche senior unsecured medium-term notes, including its debut climate bond.
SYDNEY, May 9 Two of Australia's biggest banks on Monday said they are investigating suspected fraud involving false declarations by a number of home loan borrowers who rely on foreign income.
SYDNEY, May 6 Westpac Banking Corp, Australia's No.3 lender, will launch a new money transfer service in June, according to a letter seen by Reuters, more than a year after it forced several remitters out of business by closing their bank accounts.