Westpac Banking Corp Sponsored

Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist and Group. The Consumer segment provides banking products, including mortgages, credit cards, personal loans, and savings and deposit products. The Business segment serves the banking needs of SME and commercial customers, including agribusiness and provides banking and advisory services to high net worth individuals through private wealth. The Westpac Institutional Bank segment provides a broad range of financial products and services to corporate, institutional and government customers. The Westpac New Zealand segment provides banking, wealth and insurance products and services for consumer, business and institutional customers in New Zealand. The Specialist segment comprises the operations that Westpac ultimately plans to exit with agreements in place for the sale of Westpac Life Insurance and motor vehicle dealer finance and notated leasing businesses. The Group segment includes the results of unallocated support functions such as treasury, chief operating office and core support. It also includes group-wide elimination entries arising on consolidation, centrally raised provisions and other unallocated revenue and expenses. The company was founded in 1817 and is headquartered in Sydney, Australia.

Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses and Group Businesses. The Consumer segment provides banking products, including mortgages, credit cards, personal loans, and savings and deposit products. The Business segment serves the banking needs of SME and commercial customers, including agribusiness and provides banking and advisory services to high net worth individuals through private wealth. The Westpac Institutional Bank segment provides a broad range of financial products and services to corporate, institutional and government customers. The Westpac New Zealand segment provides banking, wealth and insurance products and services for consumer, business and institutional customers in New Zealand. The Specialist Businesses segment comprises the operations that Westpac ultimately plans to exit with agreements in place for the sale of Westpac Life Insurance and motor vehicle dealer finance and notated leasing businesses. The Group Businesses segment includes the results of unallocated support functions such as treasury, chief operating office and core support. It also includes group-wide elimination entries arising on consolidation, centrally raised provisions and other unallocated revenue and expenses. The company was founded in 1817 and is headquartered in Sydney, Australia.

Australia faces housing affordability problems for first-time homeowners but the country's property market is fundamentally in good shape, the CEO of third-biggest lender Westpac Banking Corp said on Tuesday.

Westpac CEO says he is positive on Australia's housing market

The Australian banking trade union said on Thursday that Westpac Banking Corp , one of the country's top lenders, has cut around 132 jobs across divisions, with some of these roles being shifted to companies in India and the Philippines.

Westpac cuts 132 jobs across divisions, says trade union

Australia's Westpac Banking Corp on Monday said its first quarter unaudited net profit was lower than its prior six-month's quarterly average, citing the impact of notable items related to hedge accounting.

Australia's Westpac first-quarter profit falls from its prior six-month quarterly average

Commonwealth Bank of Australia

National Australia Bank Ltd

Australian bank stocks retreated slightly on Tuesday after the Reserve Bank of Australia (RBA) delivered its first monetary policy decision of the year. Commonwealth Bank shares retreated by 1% to $114.37 while Westpac and NAB fell to $24.15 and $32.2, respectively.

CBA, ANZ, Westpac, and NAB shares react to the RBA decision

Australia's corporate regulator said on Wednesday that a court found Westpac engaged in unethical conduct while carrying out an A$12 billion ($7.88 billion) interest rate swap transaction in 2016, the largest of its kind in the country.

Australia's Westpac found guilty of misconduct in 2016 rate swap deal

Westpac Banking Corp , Australia's third largest bank by market capitalisation, said on Monday it would raise A$750 million ($488.1 million) in an Additional Tier 1 (AT1) capital transaction.

Westpac to raise $488 million in additional Tier 1 capital

Westpac Group , Australia's fourth-largest bank by market capitalisation, on Wednesday cut ties with scandal-tainted auditor PricewaterhouseCoopers (PwC) Australia, ending a relationship stretching back to 1968.

Australia's Westpac dumps PwC as auditor after 55 years

Westpac Banking Corporation (NYSE:WBK ) Q4 2023 Results Conference Call November 5, 2023 6:00 PM ET Company Participants Justin McCarthy - GM of Investor Relations Peter King - CEO, MD & Director Michael Rowland - Chief Financial Officer Conference Call Participants John Storey - UBS Brendan Sproules - Citi Andrew Lyons - Goldman Sachs Victor German - Macquarie Matt Dunger - Bank of America Jonathan Mott - Barrenjoey Andrew Triggs - JPMorgan Matthew Wilson - Jefferies Richard Wiles - Morgan Stanley Ed Henning - CLSA Carlos Cacho - Jarden Azib Khan - Evans & Partners James Eyers - the AFR Paulina Duran - The Australian Justin McCarthy Good morning, everyone. Welcome to Westpac's 2023 Full Year Results.

Westpac Banking Corporation (WBK) Q4 2023 Earnings Call Transcript

Westpac (ASX: WBC) share price jumped to the highest level since August 1st after the company published strong financial results. The stock jumped to a high of $A22.35, which was up by almost 10% from the lowest point this year.

Westpac share price popped after earnings: Is it still a good buy?

Australia's Westpac Banking Corp on Monday posted a 26% rise in annual profits, helped by growth across key markets including deposits and mortgages, while also commencing an A$1.5 billion share buy-back.

Australia's Westpac posts 26% rise in annual profit

Australia's Westpac Banking Corp said on Wednesday that it projects its reported net profit after tax in fiscal 2023 will be reduced by A$173 million due to certain one-off items, including the sale of its asset management business.

Australia's Westpac sees lower profit in fiscal 2023

Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with each having its own CEO, effective Aug. 1.

Australia's Westpac splits consumer and business banking unit into two

Australia's central bank is set to lose a top official to the private sector amid a broader shake-up that could soon see its chief replaced.

Westpac hires RBA assistant gov Luci Ellis as chief economist

Westpac on Friday lifted its forecast for Australia's cash rate peak to 4.6%, tipping quarter-point hikes in July and August, joining other major banks that are expecting higher rates and slower growth as the central bank turns more hawkish.

Westpac raises Australia cash rate peak forecast to 4.6%

Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring inflation, a local trade body said.

Westpac to layoff 300 workers in business and retail unit, says trade union

All of Australia's "Big Four" banks on Friday passed on the Reserve Bank of Australia's (RBA) latest rate hike to their customers in full, raising their respective standard variable home loan rates by a quarter-point.

Aussie Big Four banks hike home loan rates to match c.bank move

Top Australian lender Westpac Banking Corp said on Tuesday that it will raise its home loan variable interest rates by 25 basis points (bps), in line with the Reserve Bank of Australia's (RBA) rate hike.

Australian lender Westpac to raise interest rates after cenbank hike

Australia's Westpac Banking Corp said it will refinance loans for some borrowers who don't meet an industry standard that assesses their ability to repay, putting pressure on the bank regulator to relax guidelines after a year of interest rate hikes.

Australia's Westpac says won't stick to home loan guideline as interest rates surge

Westpac Banking Corporation (NYSE:WBK ) Q2 2023 Results Conference Call May 7, 2023 8:00 PM ET Company Participants Justin McCarthy - GM, IR Peter King - CEO Michael Rowland - CFO Conference Call Participants Victor German - Macquarie Bank Brendan Sproules - Citi John Storey - UBS Carlos Cacho - Jarden Ed Henning - CLSA Andrew Lyons - Goldman Sachs Andrew Triggs - JPMorgan Jonathan Mott - Barrenjoey Matt Dunger - Bank of America Merrill Lynch Richard Wiles - Morgan Stanley Azib Khan - Evans and Partners Peter Ryan - The ABC Joyce Moullakis - News Corp Ayesha de Kretser - The AFR Eric Johnston - The Australian Clancy Yeates - The Sydney Morning Herald Nabila Ahmed - Bloomberg News David Ross - The Australian Nathan Lead - Morgans Justin McCarthy Good morning, everyone, and welcome to Westpac's 2023 Interim Results. My name is Justin McCarthy, GM of Investor Relations.

Westpac Banking Corporation (WBK) Q2 2023 Earnings Call Transcript

Australia's Westpac Banking Corp on Monday posted a 22% jump in first-half net profits as margins improved on the back of rising interest rates but warned tough mortgage competition will negatively impact margins going into the second half.

Westpac H1 profit jumps on higher interest rates, flags second-half margin pressures

The ASX 200 index drifted downwards after the Reserve Bank of Australia (RBA) decided to hike interest rates by 0.25%. It dropped to a low of A$7,290, which was a few points below last month's high of A$7,396.

ASX retreats as Westpac, NAB, ANZ, CBA shares jump after RBA hike

Westpac Banking has scuttled its consideration of an acquisition of Tyro Payments. The two firms said Monday (Dec. 12) in separate press releases that they had had preliminary discussions but those talks have ended.

Australia's Westpac Banking and Tyro Payments End Acquisition Talks

Westpac Banking Corporation (NYSE:WBK ) Q4 2022 Results Conference Call November 6, 2022 6:00 PM ET Company Participants Andrew Bowden - IR Peter King - CEO Michael Rowland - CFO Conference Call Participants Victor German - Macquarie Jarrod Martin - Crédit Suisse Andrew Triggs - JPMorgan Jon Mott - Barrenjoey Peter Redhead - Macquarie Andrew Lyons - Goldman Sachs Brendan Sproules - Citigroup Brian Johnson - Jefferies Richard Wiles - Morgan Stanley Azib Khan - ABN Amro James Ellis - BofA Joyce Moullakis - The Australian Gerard Cockburn - The Canberra Times Nathan Zaia - Morningstar Clancy Yeates - The Sydney Morning Herald Fabian Cotter - Yahoo News Australia Andrew Bowden Good morning, everyone, and welcome to Westpac's Full Year 2022 results. My name is Andrew Bowden, I'm the GM of Investor Relations.

Westpac Banking Corporation (WBK) Q4 2022 Earnings Call Transcript

Australia's no.3 lender Westpac Banking Corp on Monday reported a 1.4% drop in annual profit, hurt by competition in its home lending business and a charge related to the sale of its life insurance unit, while raising its cost target.

Australia's Westpac annual profit falls on charge from sale of unit

Australia's Westpac Banking Corp warned on Monday that its second-half reported net profit and cash earnings will be reduced by A$1.3 billion ($824 million) after tax, citing a loss on the sale of its life insurance business, among others.

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