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Jack Yan: the Persuader Blog (Free subscription) | 17/08/2008
I know it’s fashionable to have a blog but what if you were a banking general manager with a printed newsletter to customers? From Westpac Banking Corp. New Zealand Ltd.: I spent so long looking for the comment link, but there isn’t one. Humour aside, this is either an example of etymological evolution, the mainstreaming of blogs, an old, old industry trying desperately to look hip, or media convergence...
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New Zealand Herald (Free subscription) | 12/08/2008
St George Bank, which has agreed to be bought by Westpac Banking Corp, says profit will grow after it avoided the credit-market turmoil that wiped US$66 billion ($94.79 billion) off the value of Australia's biggest banks this year. Earnings...
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Reuters UK (Free subscription) | 08/08/2008
SYDNEY, Aug 8 (Reuters) - Westpac Banking Corp , which is taking over St George Bank in Australia's biggest ever bank deal, assured investors it would avoid the major loan losses suffered by some rivals and was on track to deliver 6-8 percent earnings growth in 2008.
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Financial Time (Free subscription) | 08/08/2008
Westpac Banking Corp, which is taking over St George Bank in Australia's biggest ever bank deal, says it is still in position to complete the deal despite the credit crunch
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New Zealand Herald (Free subscription) | 08/08/2008
SYDNEY - Westpac Banking Corporation says it is on track to deliver 2008 cash earnings growth of between six and eight per cent. Westpac said today it was well positioned to pursue its strategic agenda, including completing the...
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Reuters UK (Free subscription) | 29/07/2008
SYDNEY (Reuters) - Westpac Banking Corp , Australia's fourth-largest lender, said on Tuesday it expects to raise just over A$1 billion ($958 million) of Tier 1 to enhance its capital mix.
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Reuters UK (Free subscription) | 23/07/2008
SYDNEY (Reuters) - Australia's competition regulator said it was seeking more comment on Westpac Banking Corp's planned A$16.3 billion ($15.8 billion) takeover of rival St George Bank Ltd , after initial inquiries raised concerns on wealth management.
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News.com.au (Free subscription) | 15/07/2008
WESTPAC Banking Corporation has lifted its standard variable mortgage rate by 14 basis points, in what is its sixth home-loan rate rise this year.
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Market Watch (Free subscription) | 15/07/2008
HONG KONG (MarketWatch) -- Australia's Westpac Banking Corp. is expected to increase its interest rates and join rivals that made similar moves recently, in spite of the central banks' decision to keep its lending rates on hold, according to a media report Tuesday.
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Peter Martin (Free subscription) | 15/07/2008
All in all, a successful operation. The new mortgage rate scorecard: St George: 9.67%; ANZ and Commonwealth: 9.62%; Westpac and NAB 9.61%. Note that most rates are discounted by 0.6 percentage points - for the moment. Here's today's announcement from Westpac: Westpac Banking Corporation today announced an increase of 0.14% to its standard variable home lending rates to 9.61% effective
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Man on the Street 64 (Free subscription) | 20/06/2008
A contrarian outlook by a bank economist. Bank economists are scared more of deflation than inflation. Why am I not surprised. The doves at the Fed will endorse it. James Shugg, a senior economist at Westpac Banking Corp., talks with Bloomberg's Jeremy Naylor in London about the outlook for economic growth, inflation and interest rates in the U.S., the U.K. and the euro region. (Source: Bloomberg)...
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Fiji Times (Free subscription) | 15/06/2008
A flexible and strong communications sector is critical for a dynamic economy, says an economist with the Westpac Banking Corporation.
