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Westpac Banking Corp Says Will Decrease Variable Home Loan Rates By 0.15% Per Annum
Westpac Banking Corp CFO Peter King To Retire In 2020
ASIC Says It Filed An Appeal Against Decision Of Federal Court On Allegations Against Westpac
Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services. The Company's segments include Consumer Bank, Business Bank, BT Financial Group (BTFG), Westpac Institutional Bank (WIB) and Westpac New Zealand. The Company has branches throughout Australia, New Zealand, Asia and in the Pacific region. The Company through its division offers its services under various brands, such as Westpac, St.George, BankSA, Bank of Melbourne and RAMS brands.
L 18 275 Kent St
Lindsay Philip Maxsted
Independent Non-Executive Chairman of the Board
Brian Charles Hartzer
Chief Executive Officer, Managing Director, Executive Director
Peter Bruce King
Chief Financial Officer
Lyn Elizabeth Cobley
Chief Executive - Westpac Institutional Bank
Chief Executive of Business division
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Westpac Banking Corp and Australia and New Zealand Banking Group joined the country's other 'Big Four' lenders in skipping the chance to pass on the central bank's rate cut in full to customers due to ever-thinning margins.
Westpac Banking Corp <WBC.AX>, Australia's second-largest bank, is considering selling its life insurance business, two sources told Reuters, in what could be the last of the Big Four lenders to exit the industry.
Westpac Banking Corp said on Thursday its chief financial officer, Peter King, will retire next year after spending 25 years with Australia's second largest bank.
Westpac Banking Corp said on Thursday its chief financial officer Peter King will retire next year after spending 25 years with Australia's second largest bank.
Australia's corporate watchdog on Tuesday said it had lodged an appeal against a court decision dismissing its accusations that the nation's second-biggest lender Westpac Banking Corp had approved mortgages without appropriate credit checks.
Australia's Westpac Banking Corp <WBC.AX> has been served a class action lawsuit accusing it of charging thousands of pension fund customers for services they never received, joining a parade of big-ticket litigation arising from a major inquiry into the financial sector.
Westpac Banking Corp said on Friday it has received a class action filed by law firm Slater & Gordon against its units BT Funds Management and Westpac Life Insurance Services in relation to a pension investment option.
* Dividend cut on cards to meet capital requirement - analyst
Australia's Westpac Banking Corp said on Monday its stressed assets rose in the third quarter, as regulators relaxed mortgage lending rules to boost volumes and offer a leg up to the economy.
An Australian court on Tuesday dismissed allegations that Westpac Banking Corp <WBC.AX> had approved mortgages without adequate credit checks, dealing a blow to the regulator's efforts to toughen lending standards.
An Australian court dismissed a case by the corporate regulator against Westpac Banking Corp on Tuesday over claims the country's second-largest lender used inappropriate standards to approve thousands of mortgages.
Australia's financial watchdog fined Westpac Banking Corp <WBC.AX> and two of its units on Thursday for failing to report data to the watchdog on time, weeks after a government report called on the regulator to take tougher action on misconduct.
Australia's financial watchdog fined Westpac Banking Corp and two of its units for failing to report data to the watchdog on time according to their legal obligations.
A push by Australian regulators to tighten lending rules risks slowing down Australia's sluggish economy even further, the chief executive of Westpac Banking Corp said on Tuesday.
Westpac Banking Corp has brought forward the timing of its forecast for the next rate cut by the Reserve Bank of Australia (RBA) to October, from November previously, chief economist Bill Evans said on Wednesday.
Fitch Ratings on Wednesday revised to "negative" from "stable" the outlook for Australia's No.2 lender Westpac Banking Corporation and its peer Australia and New Zealand Banking Group Ltd.
New Zealand's commerce commission has sued Westpac's local arm <WBC.NZ> for not revealing key terms to thousands of credit card clients, in the latest sign of heightened regulatory scrutiny for Australian banks operating across the Tasman Sea.
New Zealand's commerce commission said on Thursday it filed proceedings in court against Westpac's New Zealand arm for breaching consumer law by withholding key information from clients.
Australia's prudential regulator said on Thursday it has told three of the country's biggest banks to set aside an additional A$500 million ($348 million) each until they have strengthened risk management and reimbursed customers wrongly charged fees.
Westpac Banking Corp's culture can slow decision-making and dilute accountability, Chairman Lindsay Maxsted said on Monday, citing an internal report.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.