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Westpac Announces Underwritten Sale Of Stake In Zip
Westpac And AUSTRAC Agreement Approved By Federal Court
Afterpay To Collaborate With Westpac To Offer Savings Accounts
Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in these markets, including consumer, business and institutional banking and wealth management services. The Company’s operations consist of various divisions including Consumer, Business, Westpac Institutional Bank (WIB) and Westpac New Zealand. Consumer division is responsible for sales and service to consumer customers in Australia. Business division provides business banking and wealth facilities and products for customers across Australia. WIB delivers a broad range of financial products and services to commercial, corporate, institutional and government customers operating in, or with connections to Australia and New Zealand. Westpac New Zealand is responsible for sales and service of banking, wealth and insurance products for consumer, business and institutional customers in New Zealand.
L 18 275 Kent St
Non-Executive Independent Chairman of the Board
Peter Francis King
Chief Executive Officer, Managing Director, Executive Director
Chief Financial Officer
Chief Executive of Business division
David Alexander McLean
Chief Executive Officer - Westpac New Zealand Limited
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Westpac Banking Corp <WBC.AX> said on Wednesday it would sell its 10.7% stake in buy-now-pay-later firm Zip Co Ltd <Z1P.AX> in a deal valued at about A$368 million ($260 million), as it aims to trim its portfolio and improve its capital position.
Australia's Westpac Banking Corp said on Wednesday it would sell its 10.7% stake in buy-now-pay-later firm Zip Co Ltd, as it aims to trim its portfolio and focus on its core banking business.
Australian buy-now-pay-later firm Afterpay Ltd will team up with Westpac Banking Corp to offer savings accounts, the two companies said on Tuesday, signalling a shift by the alternative credit firm into mainstream banking.
Australia's Westpac Banking Corp <WBC.AX> is exiting banking operations in China and some other Asian markets to focus on its core domestic and New Zealand businesses, as it grapples with capital constraints amid the COVID-19 pandemic.
Economists at Australia's Westpac Banking Group pushed back their forecasts for a rate cut by the country's central bank to November from October, saying it would allow the government "clear air" to sell its budget.
Australian shares ended the week on a positive note, boosted by heavyweight banks, as investors cheered the government's signals to ease lending standards to free up credit and revive the pandemic-hit economy.
Australian shares climbed more than 1% on Friday, with the "Big Four" banks among top boost to the benchmark index, after the government said it would simplify bank lending rules to free up credit in a bid to stimulate the coronavirus-hit economy.
Australia's Westpac Banking Corp <WBC.AX> agreed on Thursday to pay a record A$1.3 billion ($920 million) fine to settle a lawsuit accusing it of enabling millions of payments to people exploiting children, closing off its darkest chapter.
Westpac <WBC.AX> economist Bill Evans said on Wednesday he now expects Australia's central bank to cut the cash rate and the three-year bond yield target to 10 basis points at its Oct.6 board meeting.
The Reserve Bank of Australia (RBA) is seen unlikely to lower rates further to 0.1% at this stage, Westpac Chief Economist Bill Evans said on Tuesday as odds narrow for further monetary policy easing.
Consumer confidence in New Zealand slipped again in the third quarter and is languishing at levels last seen during the financial crisis in 2008, a survey showed on Tuesday.
Australia's Westpac Banking Corp <WBC.AX> on Friday agreed to sell its vendor finance business to a U.S. private equity firm, as part of its strategy to focus on core banking operations and trim its portfolio of underperforming businesses.
Westpac Banking Corp <WBC.AX> scrapped its interim dividend on Tuesday, becoming the first major Australian bank to officially cancel a shareholder payout amid the coronavirus crisis, knocking its share price lower.
Westpac Banking Corp said on Wednesday it will bring back 1,000 call centre jobs to Australia from overseas to meet growing demand for customer assistance due to the coronavirus pandemic.
Westpac Banking Corp said on Wednesday it will bring back 1,000 mostly call center jobs to Australia from overseas to meet growing demand for customer assistance due to the coronavirus pandemic.
Westpac Banking Corp said it gave updated information on more than 500,000 threshold transactions to Australia's financial crime regulator that it had not reported or were incomplete amid allegations it enabled millions of illegal payments.
Australia's corporate watchdog said on Wednesday it would not appeal the Federal Court's dismissal of its lawsuit accusing Westpac Banking Corp <WBC.AX> of failing to meet responsible lending obligations in approving mortgages.
Westpac Banking Corp <WBC.AX> said on Friday a regulator-ordered report found the lender had not made enough improvements to its risk management and culture even after it was sued for allegedly enabling payments between known child exploiters.
Westpac Banking Corp said on Friday it was launching a multi-year programme to fix shortcomings in its management of non-financial risk that an internal report found to be "immature and reactive".
Westpac Banking Corp said on Friday it has been served with a class action over commissions paid to auto dealers between 2013 and 2018 that are alleged to have led to higher interest rates for car loans.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.