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Search ResultsShowing 41 - 50 of 100+ results for "Westpac"
Chief economist update: Thank goodness for Sorbent
BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... decline in retail spending going forward. This is supported and indicated by the deepening pessimism among consumers. The Westpac-Melbourne Institute index of consumer sentiment plummeted by 17.7% to a reading of 75.6 in April - the biggest monthly decline ...
Best, worst performing Aussie equities funds
KANIKA SOOD  |  WEDNESDAY, 22 APR 2020
... portfolio, with an unwaveringly large exposure to the economically exposed domestic banking sector, specifically CBA, Westpac, and ANZ. Yarra also held large positions in infrastructure toll-road stocks Transurban and Atlas Arteria, which are being severely ...
Chief economist update: Surveys say...
BENJAMIN ONG  |  FRIDAY, 17 APR 2020
... consumer confidence and its implication for consumer spending, and by extension, business conditions and confidence. The Westpac-Melbourne Institute index of consumer sentiment plummeted by 17.7% to a reading of 75.6 in April - the biggest monthly decline ...
Pendal reports $3.9bn in outflows, slips below $100 bn
KANIKA SOOD  |  TUESDAY, 14 APR 2020
Investors pulled out $3.9 billion from Pendal Group's strategies in the March quarter, led by Westpac redeeming about $1.3 billion in February as it consolidates its superannuation products. Pendal Group went from managing $101.4 billion at December ...
FSC appoints deputy chief executive
ALLY SELBY  |  TUESDAY, 14 APR 2020
The Financial Services Council (FSC) has appointed a former Westpac head as its deputy chief executive. Blake Briggs nabbed the role after spending two years as Westpac's head of government affairs, and will rejoin the FSC in May. Briggs previously ...
Westpac AUSTRAC bill continues to grow
ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
Westpac today announced expected increased costs associated with AUSTRAC proceedings of $1.03 billion. On top of that, the bank has increased provisions for customer refunds, repayments and litigation by $260 million. It's also had to write down ...
Vale Ted Evans
ELIZA BAVIN  |  TUESDAY, 14 APR 2020
Tributes are flowing for former Westpac chair and Treasury secretary Ted Evans, who passed away over the weekend. Evans, who had been battling cancer, joined the Australian Treasury in 1968 and devoted 43 years of his working life to public service ...
CBA appoints chief economist
ALLY SELBY  |  TUESDAY, 7 APR 2020
... State Global Asset Management, where he spent eight years as its chief economist. Earlier in his career, he worked for Westpac, SBC Australia, the Nomura Research Institute, and the Salomon Smith Barney Citibank Group, where he spent more than 14 years ...
Business unusual: COVID-19 threats facing real estate
ALLY SELBY  |  THURSDAY, 2 APR 2020
... a sharp reduction in auction clearance rates, he said, with the preliminary rate falling to 61.3% as of March 22. The Westpac-Melbourne Institute Index of House Price Expectations fell to 6.6% in March, the largest monthly decline since February 2019 ...
Westpac names new chief executive
JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
Westpac has confirmed acting chief executive Peter King will take on the role permanently to steer the bank through ongoing uncertainty. In an announcement today, Westpac chair John McFarlane said King has agreed to take on the role for the next two ...
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