Westpac
Company and Financial Services Company
RPT-UPDATE 1-Dubai debt fears hammer Asia banks, buildersBookrunners on that loan included HSBC and Standard Chartered. Sumitomo Mitsui, Japan's third-ranked bank by assets, and Australia's Westpac Banking Corp <WBC.AX> were among the banks that took part in the financing. Officials for Japan's... In this article: Dubai, HSBC, Asia, Standard Chartered, Dubai World, Leighton Holdings, Mitsubishi UFJ Financial Group, Westpac, and Sumitomo Mitsui Financial Group |
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The Australian | 2 days ago
NAB credit exposure falls to $630bn
...nation's largest bank, saw a 22 per cent jump in credit exposure to $650.8bn at September 30 -- the highest level among the major banks. Westpac was in third place, with total credit exposure rising 28 per cent to $593.8bn during the 12...
In this article: BankWest, Bad debt, Risk management, Australian Prudential Regulation Authority, Carbon, and Commonwealth Bank of Australia
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Reuters | 3 days ago
FOREX-Dollar up from 14-yr low vs yen; Dubai supports
...and credit markets, it is also being reflected in stock markets and foreign exchange," said Lauren Rosborough, senior strategist at Westpac in London. But the dollar's recovery may be temporary, if the prospect of persistent loose U.S....
In this article: Swiss National Bank, Dubai, Japan, U.S., Ministry of Finance, and Federal Reserve
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washingtonpost.com | 4 days ago
JC Flowers in pursuit of UK bank assets
...over the next 12 months, according to the firm's new European and Asia Pacific boss. David Morgan, a former chief of Australia's Westpac Banking Corp <WBC.AX>, told Reuters on Wednesday that JC Flowers had a $2.3 billion fund available for...
In this article: JC Flowers, Royal Bank of Scotland, UK, Asia, Australia, Northern Rock, and Commonwealth Bank of Australia
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Stuff | 4 days ago
Westpac economists predict growth
...are stepping out of the pack and predicting the economy will rebound next year with the same kind of enthusiasm often seen in the past. Westpac is forecasting 3.5 percent growth in the 2010 calendar year, and in a note today pointed out...
In this article: Recession, United States, and World War 2
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Sydney Morning Herald - National | November 17, 2009
Economy facing rapid turnaround: Westpac
...sharp acceleration in growth next year, and a recovery that will outstrip official forecasts. The annualised growth rate of the Westpac-Melbourne Institute leading index was 5.8 per cent in September, well above its long-term trend of 3.1...
In this article: Recession and Reserve Bank of Australia
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Sydney Morning Herald - Business | November 15, 2009
Westpac paid $6m for home of ex-NZ boss
...on March 2 and was paid $A1.348 ($NZ1.71 million) in the year to September 30, according to the Westpac annual report in Australia. In June 2008 Westpac requested Mr Cooper to transfer to Sydney to be the parent's chief transformation...
In this article: Auckland, The New Zealand Herald, and New Zealand
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Stuff | November 15, 2009
Westpac paid $8m for former CEO���s house
...passes via text New body to oversee real estate agents Kathmandu sees strong Xmas period Irwin Tools to close Broadband market growth slower Westpac Banking Corp paid $NZ8 million to buy the Auckland home of former Westpac NZ chief...
In this article: Auckland, The New Zealand Herald, and Rangitoto Island
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Stuff | November 12, 2009
Westpac warns on overvalued housing market
...short-term strength and possibly cause another brief period of housing price decline or a longer period of house price stagnation. Westpac said it has the downturn pencilled in for late 2010, but the timing was extremely difficult to pick.
In this article: Auckland, Inflation, Christchurch, Wellington, and New Zealand
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Sydney Morning Herald - Business | November 07, 2009
Westpac to introduce 'green loans'
Westpac Banking Corporation is set to introduce interest free "green loans" worth up to $10,000. The company on Sunday said the loans support the Australian Government Green Loans Program and will give homeowners an opportunity to improve...
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Sydney Morning Herald - Business | November 04, 2009
St George's handover to Westpac: good for business but bad news for competition
...contrary to its wishes. One of the highlights of Westpac's profit yesterday was that St George and Westpac have been increasing their market share. Westpac budgeted to lose about 4 per cent of St George's customers after the takeover, but...
In this article: St George, Financial crisis, Bad debt, Pro forma, Small business, Australian Competition and Consumer Commission, Lehman Brothers, and Queensland
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Description from Wikipedia:
Westpac (a portmanteau of "Western-Pacific", registered as Westpac Banking Corporation, ASX: WBC, ), is a multinational Financial services company and the second largest bank in Australia (by market capitalisation)., and, the second-largest bank in New Zealand. The bank is one of the Australian 'big four' banks, joining NAB, ANZ, and the Commonwealth Bank.
As of the merger with St.George in December 2008 the bank has 10 million customers, Australia's largest branch network with almost 1200 branches and an ATM network with more than 2800 ATMs. The bank is Australia's largest provider of home lending and Australia's largest provider of wealth platforms by funds under Administration. The bank is Australia's second largest business banking lender and Australia's second largest bank by assets.
Westpac was recognised by the Dow Jones Sustainability Index as the most sustainable bank in the world for five years running, until ANZ who shared the title in 2007 was solely awarded in 2008.
- Name:
- Westpac Banking Corporation
- Type:
- Public (ASX: WBC, )
- Location:
- Sydney, Australia
- Founded:
- 1982 as Westpac
- Industry:
- Finance and Insurance
- Key People:
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- Gail Kelly
- Ted Evans
- Products:
- Banking, financial and related services
- Revenue:
- $22.075 billion AUD (2007)
- Net Income:
- $3.859 billion AUD (2008)
- No. of Employees:
- ≈40,000 (2008)
- Motto:
- Your Future is Our Future
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