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Showing 631 - 640 of 3558 results for westpac

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
Westpac's cash earnings in the first half of the year will be hit by $260 million in remediation payments. The bank today confirmed the amount could still rise, with the $260 million provision not yet inclusive of any allowance for refunds to customers ...

Rest appoints two group executives

KARREN VERGARA  |  MONDAY, 25 MAR 2019
... segmentation, customer service channels, and data and analytics. He was most recently the head of personalised marketing at Westpac and previously worked at Optus and Vodafone Hutchison Australia. Daly will lead the development of member-focused products ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... could take a hit as major banks move to derisk their businesses by hiving off wealth and financial advice businesses. Westpac has announced it is exiting personal financial advice. Commonwealth Bank has delayed its planned demerger but said it remains ...

Top staff at Regal get equity

KANIKA SOOD  |  FRIDAY, 22 MAR 2019
... was started by brothers Phil and Andrew King in 2004. In 2010, they sold a 30% stake to Westpac's business Ascalon. Westpac sold Ascalon Capital Managers to ASX-listed Generation Development Group in an announcement made l ast September. But Regal ...

Chief economist update: RBA repeats history

BENJAMIN ONG  |  FRIDAY, 22 MAR 2019
... would-be workers' pessimism over getting hired (why bother looking?). This pessimism is capture in the just-released Westpac-Melbourne consumer sentiment survey conducted in the week from 4 March to 8 March 2019 that showed consumer sentiment dropped ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... longer be offering family guarantee loans from 18 March 2019, and SMSF residential home loans from 30 April 2019." AMP, Westpac and Commonwealth Bank have already stopped offering SMSF lending for residential property, amid regulatory concerns and falling ...

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... out the high speed payment system last year. In emails sent by Lowe to the chief executives of ANZ, Commonwealth Bank, Westpac and National Australia Bank last September, he expressed concern at how long it was taking to roll out the high speed payment ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
Westpac is realigning its wealth strategy and BT Financial Group will cease as a standalone division. The group has also agreed to sell a number of advisers to Viridian Advisory. BT Financial Group will cease to be a standalone division of Westpac Group. ...

Couples need to talk money

HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
New research from Westpac shows couples are struggling to discuss their financial matters. Westpac's Finance and Separation report shows that choosing to avoid discussions about their finances is a recurring theme among couples who have - or are considering ...

NAB announces executive departure

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 MAR 2019
... organisation." Rynski has more than 30 years of banking experience including two years as head of human resources for Westpac's Pacific region. She will assume the role after relevant regulatory approvals are obtained.