PEXA has hired a former Westpac executive as its group chief operating officer....

Westpac has completed the sale of Westpac Life Insurance Services Limited to TAL but expected to report a total after tax loss on sale of $1.37 billion....

Australia’s four major banks have delivered $14.4 billion in combined headline cash earnings for the 2022 half year, up $700 million or 5.1% from 2021 half year results....

General advice may help you reach a broader audience, but personal advice provides a better way to meet client needs and manage compliance risk, writes Steve Davison....

Westpac has been ordered to pay penalties of $113 million for compliance failures in banking, superannuation, wealth management and insurance....

Westpac-subsidiary BT Funds Management has been fined $20 million for incorrectly charging commission payments to certain superannuation fund members....

Westpac has reduced headcount by more than 1,100 people in the past quarter, contributing to a $191 million decline in expenses, as it brings forward its simplification p...

In an unprecedented move, the corporate regulator has launched multiple civil penalty proceedings again the bank for matters including fee-for-no-service for deceased cus...

Australia remains a key market for Pendal with its Australian funds experiencing record inflows as it explores bringing global products to the region....

The big four bank expects its remediation program related to financial advice is “largely finalised” although it has provision to pay out a further $1.14b in total remedi...

Shareholders of ANZ, NAB, and Westpac have lodged resolutions calling on the banks to stop funding new fossil fuel projects as the banks have continued to undermine net z...

Although seemingly having good intentions for the public, Chris Dastoor writes, political battle lines have taken priority in the common ownership inquiry....

Accused of being the power brokers behind the ousting of former Westpac chief executive Brian Hartzer, a Parliamentary enquiry has questioned two of the big four banks wh...

The two banks will be probed by a parliamentary committee on its Royal Commission recommendation implementation progress along with implications of common ownership and c...