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WESTPAC
Funds management
Westpac should generate strong profits as loan losses fall, cash rates begin to rise, and cost savings are achieved, according to Morningstar....
Funds management
Westpac Banking Group was the most-sold shares in September with $21 million being withdrawn by retail investors, along with Qantas and Flight Centre....
Outsider
Outsider reckons the guys over at Westpac can relax a little over the record penalty they paid as a result of the bank’s AUSTRAC infringements because JP Morgan Chase and...
Financial planning
According to Fitch Ratings, Westpac’s agreement with AUSTRAC will have no impact on the bank’s ratings as the risk and governance shortcomings have been already factored ...
Policy & Regulation
Westpac has broken new ground, agreeing with AUSTRAC to go to the Federal Court for acceptance of a $1.3 billion penalty relating to its AMLCTF breaches....
People & Products
Michael Hawker has been appointed as an independent non-executive director to the Westpac board....
Financial planning
Fitch Ratings has maintained its negative outlook on the ratings of Australia’s four largest banks: ANZ Group, Commonwealth Bank of Australia, NAB and Westpac. ...
Financial planning
Collaboration between climate scientists and finance firms like NAB, Westpac and the Commonwealth Bank has produced guidance on assessing the physical risks of climate ch...
Financial planning
As platform migrations and consolidation occur, new data is pointing to a still small but growing number of advisers choosing to use industry funds. ...
Policy & Regulation
The Australian Securities and Investments Commission has signalled it will not be pursuing the Commonwealth Bank over possible AUTRAC-related violations of the Corporatio...
Superannuation
A major industry superannuation has confirmed its involvement as a party in class actions against AMP Limited, the Commonwealth Bank and Westpac....
Financial planning
Six of Australia's largest banking and financial services institutions have offered a total of $1.05 billion in compensation, as at 30 June 2020, to customers who suffere...
Funds management
Australia had the greatest impact in the Asia region for its decline in dividend pay outs, with Westpac accounting for three-fifths of the decline in Asia. ...
Funds management
Profitability at the big four banks is expected to remain under pressure for the next 18 months, according to ratings agency Fitch. ...
Financial planning
Westpac has said it will not be defending ASIC charges against BT Funds Management and Asgard over fee for no service and has apologised to those affected....
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Podcast
What happened to the 700,000 million of MLC if $1.2 Billion was migrated to Expand but Expand had only 512 Million in in...
The judge was quite undrstanding! THEN AASSIICC comes along and closes him down!All you 15600 people who work in the bu...
How could that underestimate happen?usually the quote transfer straight into the SOA, and what on earth has the commissi...