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Westpac

Saturday, September 22

Eyes on rival banks after Westpac lifts mortgage rates

Westpac’s major rivals may not rush to follow the lender’s move to raise mortgage rates, with regulators’ glare and the threat of an increased bank levy keeping them on hold, according to one leading analyst.

Westpac trading conduct found to be "unconscionable"

Westpac engaged in unconscionable conduct over its trading in the bank bill market, a Federal Court has found.

Criticism of banks warranted, says Westpac boss

Westpac chairman Lindsay Maxsted says criticism of the Australian banking sector is “warranted” but hopes a royal commission into alleged misconduct will restore trust and confidence.

Westpac lifts profit to more than $8 billion

Westpac has lifted its full-year profit three per cent to $8.062 billion, boosted by six per cent growth in Australian mortgages.

Economy set for more below-trend growth

A combination of soft commodity prices and weakr US growth is likely to weigh on the Australian economy for the rest of 2016.

Index report tips slow economic growth to continue in 2016

The outlook for the Australian economy in early 2016 has deteriorated, the latest Westpac/Melbourne Institute Leading Index shows.

Westpac chief brushes off housing bubble fears

Westpac chief executive Brian Hartzer has downplayed fears of a housing bubble that is about to burst as property price growth slows and clearance rates fall.

Business
No coal ban despite Westpac climate commitment

Stuart Condie Friday, December 11