Australian lender Westpac said on Wednesday it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that was beset by regulatory problems.
Australia's Westpac Banking Corp on Tuesday said it was aware of legal proceedings launched by the country's corporate regulator alleging the lender's failure to assist its customers with financial ha
Australia's no. 3 lender Westpac Banking Corp reported an uptick in its debt arrears in third-quarter due to high interest rates and sticky inflation, while also posting a fall in its capital levels.

Dollar on 'Good Footing' Right Now, Westpac Says

09:18pm, Wednesday, 02'nd Aug 2023
Sean Callow, senior currency strategist at Westpac, talks about the dollar, the yen, the pound and central banks' policies. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia
The ASX 200 index rally gained steam on Wednesday as the market reacted to the latest Australia inflation data. The index, which tracks the blue-chip Australian stocks, rose to $7,440, the highest lev
Sean Callow of Westpac Bank discusses why he isn't bullish on the pound despite inflation cooling in the UK
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 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 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 growt
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 loca
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 hi
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 rel
Westpac Banking Corp. has reported first-half profit that slightly edged ahead of analysts' estimates. Still, the Australian lender said it expects a tougher economic environment ahead.
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 im
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
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