Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Australian bank Westpac has decided the time is right to bring its Distributed System Access service in-house, rather than continue an arrangement that saw it tended by IBM. The Register understands that Distributed System Access (DSA) is the Bank’s authentication infrastructure and is used to manage user accounts, group […]

Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights

Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights

Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights It was business as usual on a busy weekday morning at OCBC Bank’s Paya Lebar Square branch on Aug 2. But when a male customer in his 40s, came in to withdraw over $36,000 “in the largest possible denomination” in cash, it set off alarm bells for bank […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Westpac has opted to suspend potential sale plans for its $10 billion portfolio of car loans for a year while it works to separate the division from the main bank, according to sources. The understanding in the market is that the bank will use the time to put a […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Westpac is expected to put the sale of its Hastings Management business on the backburner after the expected $250 million deal with Charter Hall fell through. Charter Hall said yesterday it had decided not to go ahead with further due diligence on its planned acquisition of the global infrastructure […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Economists at one of New Zealand’s largest mortgage lenders have predicted a flat to muted housing market for the next few years. A new Westpac report out today has a gloomy national outlook for the housing sector. The report, signed by the bank’s chief economist Dominick Stephens and others, […]

Westpac Banking Corp (ASX:WBC) Tech Executive Warns Employees

Westpac Banking Corp (ASX:WBC) Tech Executive Warns Employees

Westpac Banking Corp (ASX:WBC) Tech Executive Warns Employees Westpac’s most senior technology executive has warned workers aged over 35 risk being left in the blocks by the wave of automation and new technologies, unless management philosophy in large organisations adjusts to adapt to the changing world. The bank’s chief information officer, Dave Curran, will outline […]

Oversea-Chinese Banking Corp. Limited (SGX:O39) Wants Slice Of BaR Pie

Oversea-Chinese Banking Corp. Limited (SGX:O39) Wants Slice Of BaR Pie

Oversea-Chinese Banking Corp. Limited (SGX:O39) Wants Slice Of BaR (Belt and Road)* Pie Singapore’s second-largest bank wants a slice of China’s flagship infrastructure projects Chief executive Samuel Tsien shrugs off concerns about the role foreign lenders will be able to play in belt and road plan. Singapore’s second largest lender, Oversea Chinese Banking Corporation, aims […]

Oversea-Chinese Banking Corp. Limited (SGX:O39) $247M Loan Allowance

Oversea-Chinese Banking Corp. Limited (SGX:O39) $247M Loan Allowance

Oversea-Chinese Banking Corp. Limited (SGX:O39) $247M Loan Allowance Offshore shipping woes have increased loan provisions at Singapore lender OCBC in the first half. The bank said net allowances for loans and other assets were SGD 337m ($247m) in the period, up from SGD 255m a year ago. But the figure was little changed in the […]

Chinese Regulators Cracking Down on Overseas Acquisitions

Chinese Regulators Cracking Down on Overseas Acquisitions

Chinese Regulators Cracking Down on Overseas Acquisitions $AMC China plans to further tighten regulations on overseas acquisitions by Chinese companies and borrowing to fund those transactions, and has started closely scrutinizing the commercial aspects of the deals, three people familiar with the move said. The National Development and Reform Commission (NDRC), and the Ministry of […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights It’s the latest financial services deal on every local advizer’s radar as the big for bank steadliy divest assets they deem non-core. Street Talk understands that Westpac Banking Corp assesses options for its motor and equipment finance and corporate dept book, investment bankers have been on the front foot […]

Australia and New Zealand Banking Group Focus On Domestic Operations

Australia and New Zealand Banking Group Focus On Domestic Operations

The Australia and New Zealand Banking Group (ASX: ANZ) share price is always worth considering in my opinion. ANZ is one of Australia’s big four banks and one of the biggest businesses in the country. ANZ has prospered over the last two decades due to Australia’s economic growth. ANZ was unique with its strategy after the GFC. It […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Westpac Banking Corp. offers a dividend yield of close to 6%. The bank’s profit levels are, however, at risk on the back of the introduction of several bank levies. Its underlying fundamentals nevertheless remains relatively strong. Westpac Banking Corp. (WBK), Australia’s second largest bank by market capitalization is expected […]

Suncorp Group Ltd (ASX:SUN) HEFFX Highlights

Suncorp Group Ltd (ASX:SUN) HEFFX Highlights

Suncorp Group Ltd (ASX:SUN) HEFFX Highlights Shares of Suncorp Group Ltd (SUN.AX) are heading in a near-term positive direction as the most recent close of the company has stayed above the Balance Step. The Balance Step reading takes into account the last 5 balance points of the weekly period plotted in step formation on a […]

Westpac Banking Corp (ASX:WBC) ANZ And IBM Successfully Used Blockchain

Westpac Banking Corp (ASX:WBC) ANZ And IBM Successfully Used Blockchain

Westpac Banking Corp (ASX:WBC) ANZ And IBM Successfully Used Blockchain Two major Australian banks have successfully used blockchain, instead of paper, for bank guarantees on commercial property leasing. ANZ and Westpac teamed with IBM and shopping centre operator Scentre Group to digitise the guarantee process. The trial used distributed ledger technology to replace paper-based guarantee […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Two major Australian banks have successfully used blockchain, instead of paper, for bank guarantees on commercial property leasing. ANZ and Westpac teamed with IBM and shopping centre operator Scentre Group to digitise the guarantee process. The trial used distributed ledger technology to replace paper-based guarantee documents, resulting in a […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights WESTPAC chief Brian Hartzer says “nothing is off the table” as the bank figures out how to recoup South Australia’s $370 million bank tax. His comments came as ANZ chief Shayne Elliott ­revealed his bank had already offloaded tens of millions of SA government bonds in ­reaction to the […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Just a day after resolving a major outage to its online and mobile banking services, Westpac Bank has suffered from another systems failure, this time affecting EFTPOS, ATMs and card transactions. Westpac customers have blasted the bank after being locked out of their accounts for almost three days, leaving […]

Westpac Banking Corp (ASX:WBC) Warns Customers Of Email Scam

Westpac Banking Corp (ASX:WBC) Warns Customers Of Email Scam

Westpac Banking Corp (ASX:WBC) Warns Customers Of Email Scam WESTPAC customers are warned to be taking extra care following the emergence of a troubling malicious email scam this week. Discovered by Australian cybersecurity firm MailGuard on Wednesday, the scam is targeting Westpac customers with an email that has a subject line reading “your account is […]

Westpac Banking Corp (ASX:WBC) Adding AI Chatbots For Customer Service

Westpac Banking Corp (ASX:WBC) Adding AI Chatbots For Customer Service

Westpac Banking Corp (ASX:WBC) Adding AI Chatbots For Customer Service Westpac will be introducing chatbots to its workforce, to act as virtual customer service assistants and help customers with product questions and provide support for customers online. The bots will also work internally alongside Westpac staff to assist with commonly asked questions so bankers have […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Westpac says bank levy will cost it $260m Westpac says it cannot absorb bank levy and customers will have to help pay for it Westpac Bank gears up for second shot at Hastings Funds Wealthsource Partners LLC Takes Position in Westpac Westpac executive faces sexual harassment claim Consumer confidence […]

America’s Small Businesses Need Tax, Healthcare, Banking Reforms

America’s Small Businesses Need Tax, Healthcare, Banking Reforms

America’s Small Businesses Need Tax, Healthcare, Banking Reforms Our country’s small businesses are hopeful that President Donald Trump’s plans for rolling back regulations and tax reform happen, as they feel both will stimulate the economy. “When small business owners put more money in their pockets, they hire new people and grow the economy,” Small Business Administration […]

Expert: “US Banking Sector Safe Enough for Deregulation”

Expert: “US Banking Sector Safe Enough for Deregulation”

Expert: “US Banking Sector Safe Enough for Deregulation” $MS, $DIA, $SPY, $QQQ, $VXX The United States  banking industry is in a total safe state and it is ready for some deregulation to sustain development, former Chairman/CEO of Morgan Stanley John J. Mack says. Time to cut the “Red Tape” The regulatory oversight now is dramatic […]

OCC Clamps Down Further on Well Fargo & Company (NYSE:WFC)

OCC Clamps Down Further on Well Fargo & Company (NYSE:WFC)

OCC Clamps Down Further on Well Fargo & Company (NYSE:WFC) $WFC Friday, the Key US bank regulator reversed course and revoked Wells Fargo & Co.’s (NYSE:WFC) right to shield the pay of former executives after a phony-accounts scandal. The lender also must now seek prior approval before naming new bank leadership, said the Office of […]

Winners at the Gulf Business Awards 2016

Winners at the Gulf Business Awards 2016

Winners at the Gulf Business Awards 2016 A total of 25 awards were handed to the winners during the event Tuesday The 5th Edition of the Gulf Business Awards was held in a glittering ceremony at Taj Dubai Tuesday evening and hosted some of the biggest business leaders in the UAE. A total of 25 […]

ITRC Reports 601 Data Breaches Year to Data

ITRC Reports 601 Data Breaches Year to Data

ITRC Reports 601 Data Breaches Year to Data The latest data breach count from the Identity Theft Resource Center (ITRC) reports that there have been 601 data breaches recorded YTD, and that more than 21-M records have been exposed since the beginning of the year. The total number of reported breaches increased by 17 since […]

Update: Federal and State Government Marijuana Policy

Update: Federal and State Government Marijuana Policy

Update: Federal and State Government Marijuana Policy House Republicans blocked an effort to open up banking for Marijuana businesses House Turns Back Effort to Give Pot Businesses Access to Banks. The Republican-led House Wednesday voted down an amendment to the FY 2017 Financial Services and General Government Appropriations Act that would have blocked federal regulators […]

The Fed Policy Makers are Fighting for Their Lives

The Fed Policy Makers are Fighting for Their Lives

The Fed Policy Makers are Fighting for Their Lives Something interesting happened the Friday (Quad Witching) before Brexit; trading volume exploded on a decline in the Dow Jones.  In the BEV chart below I inserted the daily trading volume (mils) for the Dow Jones instead of the usual BEV values to highlight what happened. It […]

Cyber Attacks from Terrorists ‘just a matter of time’

Cyber Attacks from Terrorists ‘just a matter of time’

Cyber Attacks from Terrorists ‘just a matter of time’ In Q-1 of Y 2016 alone, there were 2.2-B cyber attacks globally Rapidly evolving threats from cyber criminals and terrorist groups including ransomware and cryptoware could result in major attacks on critical infrastructure and industrial systems in the Middle East, according to prominent technology security firm […]

Exclusive Interview with Rick Burnett, Founder/CEO LaneAxis

Exclusive Interview with Rick Burnett, Founder/CEO LaneAxis

Exclusive Interview with Rick Burnett, Founder/CEO LaneAxis LaneAxis is a Disruptive Freight Management System Rick has brought forth a simple, scalable Virtual Freight Management system that puts information and cost-control under the command of the shippers. Rick and his Team have developed a simple desktop and mobile app that delivers efficiencies spanning the supply chain […]

The Real Barrier to Iran’s Economic Revival

The Real Barrier to Iran’s Economic Revival

The Real Barrier to Iran’s Economic Revival By now it has become clear that Iran’s expectations of an immediate economic revival following the nuclear deal were unrealistic. Tehran thought that the Joint Comprehensive Plan of Action (JCPOA) would restore its severed links to the international financial system and to sources of foreign investment. Instead, the […]