Westpac

Westpac reduces loan rates, ups on savings

Fijilive (Free subscription) | 21/11/2009

Economy facing rapid turnaround: Westpac

Sydney Morning Herald (Free subscription) | 18/11/2009

A key pointer to future economic activity is indicating a sharp acceleration in growth next year, and a recovery that will outstrip official forecasts.

Economy facing rapid turnaround: Westpac

The Age (Free subscription) | 18/11/2009

A key pointer to future economic activity is indicating a sharp acceleration in growth next year, and a recovery that will outstrip official forecasts.

Survey makes life tougher for RBNZ

New Zealand Herald (Free subscription) | yesterday

The odds of a more hawkish tone in the Reserve Bank of New Zealand's (RBNZ) December monetary policy statement "just got higher", Westpac economists said yesterday.They were commenting on a quarterly survey of expectations carried...

JC Flowers hires financial heavyweights

Financial Times (Free subscription) | yesterday

JC Flowers, the US private equity group run by dealmaker Chris Flowers, has strengthened its London team after hiring Sir Callum McCarthy, former chairman of the UK's Financial Services Authority, and David Morgan, former chief executive of Australia's Westpac bank

FSA's former boss joins US 'vulture fund' JC Flowers

The Guardian (Free subscription) | yesterday

... in turning around stricken banks. David Morgan, formerly chief executive of Australian bank Westpac,is to be managing director, Europe and Asia Pacific. Morgan says he will step down from the board of BHP Billiton to focus on his new role. "An early [investment] focus will be on the UK," he says, "where the banking sector is undergoing major restructuring." That remark...

JC Flowers hires heavyweights

Financial Times (Free subscription) | yesterday

JC Flowers, the US private equity group run by dealmaker Chris Flowers, has strengthened its London team after hiring Sir Callum McCarthy, former chairman of the UK’s Financial Services Authority, and David Morgan, former chief executive of Australia’s Westpac bank

• J.C. Flowers & Co. Strengthens Presence In Europe and Asia Pacific With Two Senior Appointments - PR News Wire

Dear Pres BO: We urge to listen to the job creators NOT the House Dems!

My view by Silvio Canto, Jr. (Free subscription) | yesterday

Matthew Continetti has a great post: What the World Needs Now...! Yes, this is what CEO's are calling for: "Recently the Wall Street Journal asked the CEOs of Amex, Westpac, and Marriott, and Sen. John McCain, what the global economy needs to rebound. Here's what they said . The panel had five top recommendations, including, in the Journal's words: (1) "[P]olicies that stimulate sustainable...

• What the World Needs Now ... - Michael Goldfarb - The Blog

What the World Needs Now ...

Michael Goldfarb - The Blog (Free subscription) | 23/11/2009

... is a speedy global recovery. Recently the Wall Street Journal asked the CEOs of Amex, Westpac, and Marriott, and Sen. John McCain, what the global economy needs to rebound. Here's what they said. The panel had five top recommendations,...

J.C. Flowers & Co. Strengthens Presence In Europe and Asia Pacific With Two Senior Appointments

PR News Wire (Free subscription) | 24/11/2009

... Director at J.C. Flowers & Co. LLC in London, will leave JCF.Dr. Morgan was Chief Executive of Westpac Banking Corporation, one of Australia's largest financial services companies, between 1999 and 2008. Before joining Westpac, he was senior Deputy Secretary of the Federal Treasury in Canberra. Following today's appointment, he has stood down as a director of BHP Billiton.Sir Callum,...

A couple of good articles on monetary policy reform

The Visible Hand in Economics (Free subscription) | 23/11/2009

... I seen so many smart people ignore a demand curve for so long . Update : I should point out that Westpac is also making the point on demand, good on you guys . I don’t actually receive weekly updates from any of the other banks, if any of them are saying it as well could someone tell me in the comments and I’ll link. Good work everyone. Hopefully someone is listening …

#902 ... Night Trains

Wellington Daily Photo (Free subscription) | 22/11/2009

A view south towards the city ... from the Westpac Stadium concourse ... looking across the Wellington Railway Station IMAGE by Josh Blandford

Asset sale help Virgin Money

News.com.au (Free subscription) | 23/11/2009

... the 12 months after booking a $38 million pre-tax gain on the sale of its credit card portfolio to Westpac.But the continuing operations of the company would have generated another big loss without the one-off proceeds from the asset sale.Virgin Money Australia posted a net loss of $19.5 million in 2008 amid soaring funding costs in its mortgages arm.The company also had a working capital...

Does your logo mean what you think it means?

Lance Wiggs (Free subscription) | 23/11/2009

... which is dangerous in these uncertain financial times. ANZ’s looks vaguely disturbing and Westpac NZ is making the most of life but out of sync with their Australian parent who have an updated look. All in all ANZ and BNZ look to have spent far too much money, KiwiBank comes across as serious yet thrifty and Westpac just looks old. Posted in Australia Business, NZ Business

How reliable is IP telephony?

ZDNet (Free subscription) | 23/11/2009

... Now, I never have problems making calls using IP telephony, whether it be to organisations like Westpac that I know employ the technology, or even from my consumer-grade home VoIP connection (I'm an iiNet customer). There could be several things behind this fact. Firstly, organisations could simply be throwing massive network resources behind their IP telephony connections to guarantee they...