Westpac Banking Corp (WBC.AX)
21 Sep 2018
SYDNEY Australia's central bank entered its third year of policy stability on Tuesday, and a change seems no nearer even as its commercial cousins nudge up their home loan rates to protect profit margins. | Video
* Westpac admits failing to check mortgage applications properly
SYDNEY, Sept 4 Australia's second-biggest lender Westpac Banking Corp agreed to pay a A$35 million ($25 million) fine after admitting to wrongly assessing people's ability to repay mortgages, the corporate regulator said on Tuesday.
* Westpac shares close 2.7 pct higher at A$28.88 (Recasts lead, adds industry context, stock's closing level)
SYDNEY, Aug 29 Australia's Westpac Banking Corp said on Wednesday it will raise variable home loan rates by 14 basis points, effective from Sept. 19, due to an increase in its wholesale funding costs.
* Westpac says Q3 NIM 11 basis points lower than previous half
Aug 24 Australia's Westpac Banking Corp said on Friday its stressed assets fell slightly during the third quarter as the country's second-biggest lender reported a fall in impairments in its smaller mining and New Zealand dairy portfolios.
Aug 16 Australia's Westpac Banking Corp on Thursday said it had appointed Craig Bright as chief information officer, replacing Dave Curran who will retire in January next year.
SYDNEY Australia's Westpac Banking Corp said on Thursday it would disburse A$100 million ($74.2 million) in cheap loans to farmers as a record dry spell hits parts of the nation, while the country's lenders fight to regain public trust amidst an ongoing misconduct inquiry.
SYDNEY, Aug 9 Australia's Westpac Banking Corp said on Thursday it would disburse A$100 million ($74.2 million) in cheap loans to farmers as a record dry spell hits parts of the nation, while the country's lenders fight to regain public trust amidst an ongoing misconduct inquiry.