Westpac Banking

Westpac to introduce 'green loans'

Sydney Morning Herald (Free subscription) | yesterday

Westpac Banking Corporation is set to introduce interest free "green loans" worth up to $10,000.

Westpac to introduce 'green loans'

The Age (Free subscription) | yesterday

Westpac Banking Corporation is set to introduce interest free "green loans" worth up to $10,000.

Australian shares push higher out of open

Market Watch (Free subscription) | 06/11/2009

LOS ANGELES (MarketWatch) -- Australian stocks gained in early Friday trades on the heels of a rally on Wall Street, with Sydney's benchamrk S&P/ASX 200 rising 1.5% to 4,573.4. Financials helped fuel the broader advance, with shares of Macquarie Group Ltd. up 2.4%, Westpac Banking Corp. rising 1% and National Australia Bank Ltd. adding 1.3%. Miners were also among the leading gainers, with BHP...

Asian Stocks Rise for First Day in Three on Profit Optimism; Toyota Gains

Bloomberg (Free subscription) | 04/11/2009

Nov. 4 (Bloomberg) -- Asian stocks rose for the first time in three days, led by banks and mining companies, as Korea Exchange Bank and Westpac Banking Corp. posted better-than- estimated earnings and gold prices climbed to a record.

Australian shares make early gains, as banks rise

Market Watch (Free subscription) | 04/11/2009

LOS ANGELES (MarketWatch) -- Australian shares kicked off Wednesday trades with modest gains, as Sydney's benchmark S&P/ASX 200 rose 0.3% to 4,545.9 following a mixed lead from Wall Street. Financials were among the advancers. with Westpac Banking Corp. rising 1.4%, Australia & New Zealand Banking Group up 0.4% and Commonwealth Bank of Australia 0.8% higher. Media and telecom giant Telstra...

Westpac profit tumbles 10.7%

Kylie Minogue announces US tour (Free subscription) | 04/11/2009

WESTPAC Banking Corporation has reported a 10.7 per cent decline in full year profit and says it's entering the new fiscal year with strong momentum.

• Westpac profit down 10.7pc - News.com.au
• Westpac profit down 10.7pc - Courrier Mail
• See the 4 articles on the same subject

Westpac result to show debts levels

Kylie Minogue announces US tour (Free subscription) | 02/11/2009

INVESTORS will be looking to see whether bad debts at Westpac Banking Corporation have peaked when Australia's second biggest lender reports earnings this week.

The Pound declines against the majors, after GDP unexpectedly declines in the third quarter

Foreign Exchange Outlook (Free subscription) | 26/10/2009

GBPEUR/GBPUSD Following on from last week, the Pound advanced to the highest level against the Dollar in more than a month on Tuesday, while 10-year gilts increased by the most since July 23rd. The minutes from the Bank of England's last policy-setting meeting showed that all nine policy makers voted unanimously to keep the asset-purchase program unchanged. However, the UK currency remains susceptible...

The Pound declines against the majors, after retail sales stagnate for a second month

Foreign Exchange Outlook (Free subscription) | 23/10/2009

GBPEUR/GBPUSD The Pound declined marginally against the majors yesterday, after a report showed that UK retail sales unexpectedly stagnated for a second month in September, while investors scaled expectations that the Bank of England will pause its asset-purchase plan. The report from the Office of National Statistics showed that sales were unchanged from August, a sign that the economy is struggling...

Westpac Banking Corp sells $1 bln notes

Reuters UK (Free subscription) | 21/10/2009

NEW YORK, Oct 21 (Reuters) - Westpac Banking Corp on Wednesday sold $1.0 billion in two-year floating-rate notes, said IFR, a Thomson Reuters service.

Australia's Westpac says funding still expensive

Reuters UK (Free subscription) | 09/10/2009

SYDNEY, Oct 9 (Reuters) - Australia's Westpac Banking Corp , is still experiencing high funding costs compared with a few years ago, but is seeing greater loan demand from small businesses, a top executive said on Friday. Peter Hanlon, head of retail and business banking for the nation's third biggest lender, told reporters that Australia could see another two rises in official interest rates before...

The Australian bank, Westpac Banking Loses NZ Court Tax Case against the Inland Revenue Department (IRD)

CEOWORLD Magazine (Free subscription) | 08/10/2009

The Australian bank, Westpac Banking Corp (NYSE:WBK) (ASX:WBC), lost a court case against the Inland Revenue Department (IRD) that wiped 25 basis points off its parent’s Tier One capital ratio. Now it owes 961 million New Zealand dollars ($711 million) in taxes and interest, the government department said Thursday. That makes the Westpac case New Zealand’s largest [...]

Westpac ruling sends tough message

New Zealand Herald (Free subscription) | 08/10/2009

Westpac Banking Corporation has lost its High Court challenge against Inland Revenue and has been ordered to pay almost $1 billion in back taxes - nearly twice its net profit last year.That makes the Westpac case New Zealand's...

BRIEF-Moody's affirms Westpac at Aa1 on New Zealand tax ruling

Reuters UK (Free subscription) | 08/10/2009

Oct 8 (Reuters) - Westpac Banking Corporation *Moody's affirms Westpac at Aa1 on New Zealand tax ruling

Westpac court loss in NZ to cost $A760m

Sydney Morning Herald (Free subscription) | 08/10/2009

Westpac Banking Corporation has lost a New Zealand High Court judgment which will cost Australia's second biggest lender $NZ918 million ($A760.22 million).