Search ResultsShowing 71 - 80 of 100+ results for "Westpac"
Chief economist update: How would you vote if seated at the RBA Board?
BENJAMIN ONG  |  TUESDAY, 5 MAR 2019
... with the Australian central bank itself just recently changing its policy bias from tightening to neutral. Note, Westpac recently announced two rate reductions of 25 bps each - one in August, another in November this year. No doubt the men and ...
SMSF darlings revealed
KANIKA SOOD  |  MONDAY, 4 MAR 2019
... for the major banks was down 11% in the second half. However, SMSF investors showed a strong buy bias especially for Westpac and NAB. The only exception was ANZ. December's volatility gave them an opportunity to buy top blue chips at a dip. ...
Chief economist update: Wrong way, go down
BENJAMIN ONG  |  THURSDAY, 28 FEB 2019
... policy expectations - the Fed's on hold this year and the RBA will cut interest rates (maybe two according to Westpac) this year. Yet the Australian dollar refuses to go down. This is despite consensus expectations willing it to go down. On ...
Chief economist update: Nerves of steel
BENJAMIN ONG  |  FRIDAY, 22 FEB 2019
Could it be? Could it be that Westpac's chief economist Bill Evans has just gotten one up on me? Nah Virginia, me don't want to "kill Bill", we economists may not see eye to eye but we stick together. More so that Bill's come around to ...
ASIC appeals Westpac Federal Court decision
JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson ...
Former Westpac GM joins APRA review
HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
A former Westpac general manager and group executive will help lead APRA's capability review. Diane Smith-Gander has joined the three-person panel reviewing the prudential regulator, after the Government agreed to act on Kenneth Hayne's ...
Westpac mulls sale of in-house planners
JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
Westpac has confirmed it is exploring options for its in-house financial planning division, following questions from Financial Standard about a potential sale of 50% of Westpac Financial Planning. Financial Standard understands Westpac is in talks ...
Former Morgan Stanley chief to join Westpac board
HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
Westpac appointed two new board directors, including the former chief executive of Morgan Stanley Australia. Steven Harker and Margaret Seale will join the board of Westpac in March as non-executive directors, and both are set to be appointed to ...
Institutions respond to Royal Commission, make commitments
HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... first. At NAB we are determined to change and accept that we will ultimately be measured by the actions we take." Westpac and ANZ both responded through media statements, with the former committing to engaging constructively in the reform ...
Life risk commissions must also go: Hayne
KANIKA SOOD  |  MONDAY, 4 FEB 2019
... life insurance products over five years. MLC paid out $1.2 billion, OnePath paid $1 billion, TAL $840 million, Westpac $697 million (plus $158 million in grandfathered commissions on life insurance in super products), AIA paid $690 million ...
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