Westpac Banking Corp (WBC.AX)
18 Apr 2019
March 25 Australia's Westpac Banking Corp said on Monday its first-half cash earnings would fall about A$260 million ($184.03 million) on account of provisions for customer refunds in the wake of an inquiry into financial sector wrongdoing.
March 25 Australia's Westpac Banking Corp said on Monday its first half cash earnings will fall about A$260 million ($184.03 million) on account of provisions for customer refunds in the wake of an inquiry into financial sector wrongdoing.
SYDNEY Westpac Banking Corp, said on Tuesday it would exit its financial advice business, the last of Australia's top four banks to do so, as regulators increase pressure on the scandal-ridden financial sector to act in customers' best interests.
* Retains investment platforms, private bank and retirement biz
March 19 Australia's Westpac Banking Corp said on Tuesday it was exiting the provision of personal financial advice through a sale agreement with Viridian Advisory, in a bid to cut costs and simplify its structure.
SYDNEY, March 7 Australia's Westpac Banking Corp said on Thursday it would scrap bonuses for thousands of branch tellers, a move to regain customer trust following accusations at a misconduct inquiry that incentives had led to wrongdoing.
* Follows bank settling similar case with corporate regulator (Adds Westpac response, picture)
SYDNEY, Feb 21 Australia's Westpac Banking Corp was sued on Thursday by consumers who said the bank made them loans they could not afford to repay and in violation of banking regulations.
* Westpac 2019 Q1 profit A$2.04 bln, implied 2018 Q1 A$2.13 bln
Feb 18 Australian shares rose to their highest in more than four months on Monday, bolstered by rising optimism the United States and China would be able to reach an agreement to resolve their long drawn-out trade war.