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Showing 41 - 50 of 277 results for %22Westpac Institutional Bank%22

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
Westpac chief executive Brian Hartzer relinquished a $1.6 million cash bonus for the year, as income for the group's wealth management business fell significantly. Releasing its annual report and full year results to the market this morning, Westpac ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... After reporting their self-assessments, APRA imposed $500 million additional capital requirements on each of ANZ, NAB and Westpac. APRA executive board member Geoff Summerhayes said the self-assessments proved the issues in CBA's risk governance work ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... December 2018 meeting and supported equity grants to ANZ chief Shayne Elliott, Commonwealth Bank chief Matt Comyn and Westpac chief Brian Hartzer. However it voted against Westpac's remuneration report. At AMP, it supported the elections of David ...

Westpac fined over reporting failure

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
APRA has handed Westpac the maximum financial penalty it can for failing to meet reporting obligations. Westpac and its subsidiaries St George Finance Holdings and Capital Finance Australia will pay more than $1.5 million after breaching requirements ...

Boutique manager hires investment banking expert

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... institutional property. Muspratt and Wilkinson take the roles of investment associate at MCP, having recently worked at Westpac and NAB respectively. Managing partner Andrew Lockhart commented: "As lower interest rates weigh on yields, the listed and ...

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
... Open Banking changes. The energy and telecommunications sectors are proposed to follow next. Three of the four big banks (Westpac, ANZ and Commonwealth Bank) have voluntarily launched the first stage of Consumer Data Right on 1 July 2019. The next stage ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... troubled" by the findings in the report, which included the likes of Commonwealth Bank and its subsidiary Bankwest, ANZ, NAB, Westpac, Suncorp, Citigroup and others. "Lenders and insurers have had more than enough time to improve sales practices and ...

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... required to share generic product data as part of the government's phased timeline for the introduction of open banking. Westpac was the first bank to make a formal announcement, embracing the start of open banking and voluntarily sharing some data via ...

Franklin Templeton names institutional business director

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... director and responsible manager. Prior to that, he was an associate director of fixed income, currency and commodities at Westpac for six years. "With Matthew's vast experience across distribution and investments, we are well positioned for further ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
Westpac profits plunged 24% in the first half to $3.13 billion, as cash earnings fell across four of the group's five business divisions. "This is a disappointing result reflecting weaker business conditions and the bank dealing decisively with outstanding ...