ASX - Delayed Quote AUD

Westpac Banking Corporation (WBC.AX)

31.15

-0.07

(-0.22%)

At close: April 17 at 4:10:20 PM GMT+10

Oil Declines as Trump’s Wide-Ranging Tariffs Threaten Demand

(Bloomberg) -- Oil fell after US President Donald Trump rolled out stiff tariffs on major trading partners, including China and the European Union, that spared energy but ratcheted up a trade war that threatens global demand.Most Read from BloombergMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLondon Clears Final Hurdle for More High-Speed Trains to EuropeLocal Governments Vie for Fired Federal WorkersWhat Frank Lloyd Wright Learned From the DesertChicago School Dis

Bloomberg 15 days ago

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Analysis-The Aussie is losing its way as markets' risk compass

The Australian dollar's surprising resilience in the face of the hit to market sentiment from U.S. tariffs is raising questions whether its long-standing role as a proxy for risk is ending. The breakdown in that correlation is slowing trade in the Aussie, hurting Australian investors in the U.S., and highlighting how U.S. President Donald Trump is rocking the pillars of financial markets. It is a consequence of an unusual turn in the U.S. dollar, which, says Bank of America currency strategist Oliver Levingston, has shot lower together with stocks for only the third time in 25 years.

Reuters 16 days ago

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Westpac to introduce SafeBlock feature to curtail rising scams

The SafeBlock feature will be available through Westpac’s mobile app and online banking services in the coming months.

Retail Banker International 24 days ago

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Aussie Dollar to Snap Losing Streak on RBA Stance, China Support

(Bloomberg) -- The Australian dollar may be headed for its first annual gain since 2020, as the central bank keeps interest rates high and the economy benefits from expected Chinese stimulus.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump

Bloomberg 26 days ago

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Australia's Westpac settles auto finance class action lawsuit for $81 million

The class action, which was filed by law firm Maurice Blackburn in 2020, claimed Westpac and St George Finance let car dealers hike interest rates on car loans to earn these commissions between March 1, 2013 and October 31, 2018. Maurice Blackburn did not immediately respond to a Reuters request for comment.

Reuters last month

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Accenture Plc (ACN): AI Agents Transforming Digital Banking with Westpac

We recently published a list of Top 8 Trending AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Accenture Plc (NYSE:ACN) stands against other top trending AI news updates investors should not miss. As AI takes over industries worldwide, the technology has begun replacing the […]

Insider Monkey last month

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Westpac partners with Accenture to enhance banking with AI agents

These AI agents surpass traditional chatbots by emulating human choices and executing tasks independently.

Retail Banker International last month

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Shares of Australia's major banks take a breather after $40 billion wipe off

Shares of the "Big Four" banks logged unprecedented growth last year on strong flows from superannuation funds and retail investors, pushing them to multi-year highs and trading at high multiples to the ASX200 benchmark index. Top lender Commonwealth Bank of Australia lost as much as 10% in the past eight sessions, losing about A$25 billion in market value.

Reuters last month

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Westpac Banking First Quarter 2025 Earnings: EPS: AU$0.49 (vs AU$0.48 in 1Q 2024)

Westpac Banking ( ASX:WBC ) First Quarter 2025 Results Key Financial Results Revenue: AU$5.20b (up 1.7% from 1Q 2024...

Simply Wall St. last month

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Westpac enables home loan clients to open multiple offset accounts

St.George, Bank of Melbourne, and BankSA, all part of Westpac group, already offer multiple offset accounts to their customers.

Retail Banker International last month

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Aussie "Big Four" banks cut rates, mirroring central bank

The Reserve Bank of Australia (RBA) cut its cash rate by 25 basis points to 4.10%, saying progress had been made on inflation, though it remained cautious on further monetary policy easing. The central bank's cut was its first move since raising the rate to a 13-year high of 4.35% in November 2023. Commonwealth Bank of Australia, the country's largest lender, said the change will be implemented on its eligible business lending products and would be effective from February 28.

Reuters last month

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Australia's Westpac's first-quarter margin contracts, shares slide

(Reuters) -Shares of Westpac Banking Corp fell as much as 6% on Monday after a core operating measure worsened in the first quarter despite an overall increase in profit helped by a drop in bad loans and growth in lending volumes. Australia's No. 2 mortgage lender posted an unaudited net profit of A$1.7 billion ($1.08 billion) for the three months ended December 31, compared with A$1.5 billion posted a year earlier. The lender's core net interest margin - the difference between interest earned from lending and paid for deposits - fell 2 basis points from the second half of last year to 1.81%.

Reuters last month

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Australian consumers stay cautious in February, survey says

Australian consumer sentiment remained in the doldrums in February, a survey showed on Tuesday, failing to benefit from slowing inflation or speculation about an imminent cut in interest rates. The Westpac-Melbourne Institute index of consumer sentiment edged up a bare 0.1% in February from January, when it dipped 0.7%. The cautious outlook should reassure the Reserve Bank of Australia that consumers were not rushing to spend and stoke inflation, leaving the door open for an easing in monetary policy perhaps as soon as next week.

Reuters 2 months ago

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Investing in Westpac Banking (ASX:WBC) three years ago would have delivered you a 91% gain

By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger...

Simply Wall St. 2 months ago

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Australia consumer sentiment index dips 0.7% in Jan

Australian consumer sentiment dipped for a second month in January as financial stress dominated at the start of the new year, a survey showed on Tuesday, suggesting spending will remain subdued in the near term. The Westpac-Melbourne Institute index of consumer sentiment fell 0.7% in January from December, when it dropped 2.0%. The cautious outlook should reassure the Reserve Bank of Australia that consumers are not about to rush out spending and stoke inflation, leaving the door open for some easing in monetary policy in coming months.

Reuters 3 months ago

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Westpac New Zealand admits to customer overcharges

The admission came as part of a civil proceeding initiated by the FMA at the High Court in Auckland.

Retail Banker International 3 months ago

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Westpac admits to overcharging more than 24,000 customers in New Zealand

The Financial Markets Authority (FMA) said it brought civil proceedings against Westpac New Zealand in the High Court in Auckland, where it admitted that 24,621 customers failed to receive advertised benefits under certain packages, resulting in the bank overcharging NZ$6.35 million ($3.59 million). "Westpac's issues stemmed from deficiencies in its systems that meant the bank failed to deliver to them (customers) contractually agreed discounts," Margot Gatland, FMA's head of enforcement, said in a statement on the regulator's website.

Reuters 3 months ago

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Australian consumers fret over the economy in December, survey shows

Australian consumer sentiment took a step back in December as concerns about the economic outlook outweighed an improvement in people's own finances, a survey showed on Tuesday. The Westpac-Melbourne Institute index of consumer sentiment fell 2.0% in December, unwinding a little of the sharp gains seen over the previous two months. Westpac Senior Economist Matthew Hassan said the pullback was likely influenced by a disappointing reading on economic growth released in early December.

Reuters 3 months ago

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Westpac CFO Michael Rowland to retire in 2025

The latest management change comes about three months after Westpac named Anthony Miller, head of the business and wealth unit, as the bank's new chief executive officer, with CEO Peter King retiring. "Michael has played an important role in the financial management of Westpac since the disruption of COVID-19 and has been instrumental in establishing Westpac’s strong position," Miller said.

Reuters 3 months ago

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NAB faces lawsuit over financial hardship response delays

ASIC alleged that NAB missed the 21-day legal deadline for 345 hardship applications between 2018 and 2023.

Retail Banker International 4 months ago

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Performance Overview

Return	WBC.AX	S&P/ASX 200 [XJO] (^AXJO)
YTD	-3.62%	-4.17%
1-Year	+25.39%	+2.81%
3-Year	+49.86%	+3.93%

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Westpac Banking Corporation (WBC.AX)

Oil Declines as Trump’s Wide-Ranging Tariffs Threaten Demand

Analysis-The Aussie is losing its way as markets' risk compass

Westpac to introduce SafeBlock feature to curtail rising scams

Aussie Dollar to Snap Losing Streak on RBA Stance, China Support

Australia's Westpac settles auto finance class action lawsuit for $81 million

Accenture Plc (ACN): AI Agents Transforming Digital Banking with Westpac

Westpac partners with Accenture to enhance banking with AI agents

Shares of Australia's major banks take a breather after $40 billion wipe off

Westpac Banking First Quarter 2025 Earnings: EPS: AU$0.49 (vs AU$0.48 in 1Q 2024)

Westpac enables home loan clients to open multiple offset accounts

Aussie "Big Four" banks cut rates, mirroring central bank

Australia's Westpac's first-quarter margin contracts, shares slide

Australian consumers stay cautious in February, survey says

Investing in Westpac Banking (ASX:WBC) three years ago would have delivered you a 91% gain

Australia consumer sentiment index dips 0.7% in Jan

Westpac New Zealand admits to customer overcharges

Westpac admits to overcharging more than 24,000 customers in New Zealand

Australian consumers fret over the economy in December, survey shows

Westpac CFO Michael Rowland to retire in 2025

NAB faces lawsuit over financial hardship response delays

Performance Overview