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Search ResultsShowing 21 - 30 of 100+ results for "Westpac"
Westpac sells legacy stake in Pendal
KANIKA SOOD  |  THURSDAY, 18 JUN 2020
Westpac sold its 9.5% stake in Pendal Group after market close yesterday sweeping clean its stake, and will continue to withdraw from the $14 billion in assets that Pendal currently manages for it. The block trade, which was handled by UBS last evening ...
APRA hands reins to ASIC in AUSTRAC case
ALLY SELBY  |  THURSDAY, 18 JUN 2020
... powers to the corporate watchdog, as the two agencies continue their investigations into AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities to investigate any matters that contravene ...
38 staff punished over AUSTRAC scandal: Westpac
ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
Westpac has confirmed 38 staff copped a range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal. In a statement, the bank confirmed it should have recognised the faults in its systems earlier. "The report ...
MLC Wealth appoints chair
ELIZA BAVIN  |  TUESDAY, 2 JUN 2020
... where he was also chief executive from 2013 to 2017. Prior to joining Craveable Brands, Coombe was group executive of Westpac Retail and Business Banking. Before that he was chief executive of BT Financial Group for six years where he was responsible ...
Westpac hunts new insto bank chief
ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
The chief executive of Westpac's institutional bank has retired. Lyn Cobley has been head of the institutional bank for the past five years. Her retirement comes just a week after two other senior Westpac executives departed. Westpac chief executive ...
Banks accused of violating worker ethics
ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... procedures temper justice to facilitate capitalism's imperative to maximise profit?" The report asked. Three workers from Westpac - only referred by first names Justine, Deborah and Lyn - said that pressure in the workplace resulted in people acting ...
Westpac announces executive changes
ALLY SELBY  |  TUESDAY, 19 MAY 2020
Westpac has announced several executive changes - with two of its staffers jumping ship for opportunities overseas and another appointed to lead the group's financial crime and compliance function. Westpac chief executive of consumer David Lindberg ...
Westpac admits to failures
ELIZABETH MCARTHUR  |  MONDAY, 18 MAY 2020
On Friday, Westpac filed its defence in the Federal Court in relation to proceedings brought by AUSTRAC regarding alleged breaches of anti-money laundering and counter terrorism financing laws. "Westpac accepts the gravity of the issues raised by the ...
Chief economist update: Pay cut or pay not?
BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... consumer confidence -- the NAB business confidence index rebounded to a reading of -46 in April from -65 in March; the Westpac/Melbourne Institute Index of Consumer Sentiment jumped by 16.4% to 88.1 in May from April's 75.6 reading. The consumer ...
ASIC secures $160m in remediation over junk credit insurance
ALLY SELBY  |  THURSDAY, 14 MAY 2020
... Adelaide Bank, Citigroup, Commonwealth Bank, Credit Union Australia, Latitude Finance Australia, NAB, Suncorp-Metway and Westpac. ASIC deputy chair Karen Chester said the investigation of major banks and lenders uncovered the design and sale of consumer ...
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