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Showing 431 - 440 of 3560 results for "Westpac"

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
... bank said took into account its capital strength and updated regulatory guidance. The decision to pay a dividend means Westpac is the only of the big four banks to opt against a dividend this reporting round. ANZ's interim dividend represents 46% of ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
Westpac has become the first of the big four banks to not deliver a dividend in its first half results as it reported a net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... should avert a deeper recession. However, more "real" dollars to spend is negated by the renewed consumer pessimism. The Westpac-Melbourne Institute Index of Consumer Sentiment fell 9.5% to 79.5 in August from 87.9 in July-- close to the 75.6 reading ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
The financial advice arms of AMP, Commonwealth and Westpac are all facing a potential class action from law firm Piper Alderman. The law firm is calling on any customers who have acquired, renewed or continue to hold a financial product on recommendation ...

Former BNY Mellon IM country head joins Westpac

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
... after five years with the firm. In his new role, he will work as a director, global investment services New South Wales at Westpac. He reports to Mark Sherwood, Westpac's state director of global investment services for New South Wales and Victoria. ...

Partners Group hires from GSFM

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
... largest players. Post Hayne Royal Commission, we have seen significant industry consolidation as evidenced by ANZ and Westpac exiting the space completely and observed that the business models of CBA and NAB/MLC are still evolving...we concluded that ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... Planning advisers is being called on to join the class action along with anyone who held BT Super for Life, BT Super for Life Westpac Group, BT SuperWrap, BT SuperWrap Essentials, BT Panorama Super or BT Superannuation Invest Fund plans between 2014 ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... its previous statement in April, APRA discouraged banks and insurers from paying dividends, causing ANZ, Bank of Qld and Westpac to defer their interim dividends with NAB cutting its dividend by 64%. "I now encourage the banks to listen to the regulator's ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
Westpac's money laundering woes continue to worsen, with the bank today announcing it has uncovered hundreds of thousands of additional transactions of $10,000 or more that are "incomplete or inaccurate" to AUSTRAC. After further investigation, the ...

Westpac announces appointment, departure

ALLY SELBY  |  TUESDAY, 28 JUL 2020
Westpac has announced a new chief operating officer will join its ranks, while a group executive will leave the bank early next year. Scott Collary has nabbed the role and will lead Westpac's newly created group operating office, as the bank brings ...