ASX Announcements
Westpac Self-Funding Instalments over securities in MQG
Structured Products Distribution
- May 9, 2024
- 1 page
Westpac Self-Funding Instalments over securities in ANZ
Structured Products Distribution
- May 9, 2024
- 1 page
US Interim Financial Results Announcement on Form 6-K
Half Yearly Report, Periodic Reports - Other
- May 8, 2024
- 141 pages
Today
Business loan demand spikes, keeping inflation fears alive
CBA, the country’s largest lender, says a strong labour market is driving “robust” demand from companies, which could push up prices, economists warn.
- James Eyers and Lucas Baird
Yesterday
Families expected to stash extra cash from tax cuts
Retailers hoping income tax cuts will lift sales of non-essential goods are likely to be disappointed.
- Michael Read
Westpac says it was stung by decade-long ‘Ponzi scheme’
The major lender is suing a fruit stall at Sydney’s Flemington Markets, alleging it conspired to falsify revenues and invoices to defraud it of $15 million.
- Updated
- Lucas Baird
Westpac CEO wants super on a level playing field
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
- James Eyers
This Month
Westpac’s business boss eyes fast-charging financing demand
Anthony Miller says “business credit growth will be as good, if not better than in the first half” after three banks talked up their business lending pipelines.
- Lucas Baird
Chalmers’ budget to fight inflation first, spend up big second
Treasurer Jim Chalmers says his budget next week will avoid a “scorched earth” approach to fight inflation, but spending will come in the out years.
- Ronald Mizen
- Opinion
- Chanticleer
Westpac shows how banks are mortgage war casualties
Peter King says Westpac is hunting growth. But he won’t find it in old-fashioned mortgages and deposits, where returns have been brutally competed away.
- James Thomson
Westpac deflects downturn with special dividend
The Westpac boss says the return of $1.5 billion to shareholders is a sign of confidence in the Australian economy and the outlook for bad debts.
- Updated
- James Eyers and Lucas Baird
Qantas’ $120m settlement; Westpac pays dividend; Optus gets new CEO
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
Big banks hand out the treats to keep investors sweet
The banks have a few lollies for shareholders. NAB’s was capital management, Westpac is likely to follow suit.
- Anthony Macdonald
Macquarie goes after big four’s business lending lunch
The investment bank’s share of small business lending is only 1.7 per cent, but its $15.8 billion book grew by 22 per cent for the year and Macquarie wants more.
- Updated
- James Eyers and Lucas Baird
‘I loved’ my old accounting job – surprise confession from opera star
Baritone Teddy Tahu Rhodes is nostalgic about his days working with spreadsheets before he quit the world of finance to fulfil his musical ambitions.
- Simon Evans
Markets push interest rate cuts beyond the next election
Investors think the first rate cut may not be until May 2025 or June 2025, complicating Labor’s re-election bid amid red-hot voter concern over cost of living.
- Michael Read
April
- Exclusive
- Big four
Westpac’s Yetton targets ‘right returns’ over mortgage wars
The consumer bank chief also also promises to extend a moratorium on regional branch closures until 2027.
- Lucas Baird and James Eyers
Henri Aram: the 101-year-old market gadfly
A reforming pioneer in the investment advice industry, Henri Aram was also outspoken about the operation of finance markets and the behaviour of big corporates.
- Andrew Clark
Banks stare down spectre of bad debts, eye $4.5b return
Analysts say banks may declare higher dividends and share buybacks over the next fortnight’s earnings season as margin pressures ease.
- Lucas Baird and James Eyers
NSW wants fintechs to be part of the country’s largest bank contract
Westpac, ANZ and Citi are incumbents, but NSW Treasury wants innovative pitches to help solve issues, such as helping get payments to victims of domestic violence who may not have access to banks.
- Max Mason
‘Need a maverick’: RBNZ wants a Kiwi Macquarie
Rejecting the findings of a banking sector probe, the central bank said the industry should not reduce hurdles for smaller players but encourage “mavericks”.
- Lucas Baird
Westpac cans RAMS Home Loans sale after lack of bidder interest
There are also concerns about RAMS’ lack of a back book, or any significant funding sources.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘All banks to sell’: Citi sounds big four valuation alarm
Investors should quit owning the major banks because political campaigning against profits will force them to pass on more of the RBA’s interest rate cuts, hurting earnings.
- Updated
- Lucas Baird
