Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights About 1,000 staff have been let go from Westpac over the past two years as a result of technological advancements such as automation; however CEO Brian Hartzer sees a silver lining, telling a House of Representatives committee his bank is also witnessing new jobs being created as a result […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights A $100 million class action has been filed against Westpac Banking Corporation over claims it overcharged customers for life insurance. Shine Lawyers filed the action in Federal Court yesterday, alleging the bank took advantage of its customers through referrals to Westpac financial planners who would then sign them up […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights WESTPAC have received backlash after encouraging their staff to vote Yes in the same-sex marriage plebiscite through a company wide email, which contained exaggerated information about LGBTI suicide rates in Australia. The email, sent by the bank’s Youth Network to Westpac and St George employees, stated that a Yes […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights Westpac New Zealand is alleging the former wife of a Lane Walker Rudkin (LWR) kingpin was deceitful and fraudulent and wants $50 million. The bank’s court action came to light in a judgement released earlier this month by Associate Judge Rob Osborne in the High Court at Christchurch. Westpac […]

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights

Westpac Banking Corp (ASX:WBC) HEFFX Highlights All four of Australia’s biggest banks have decided to stop charging customers of other banks a $2 fee to withdraw cash from their ATMs. The Commonwealth Bank was the first to announced early on Sunday the abolition of the fee, citing ongoing consumer unhappiness with it. NAB, ANZ and […]

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 […]

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 […]

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 […]

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 […]

Westpac Hastings Management Sale

Westpac Hastings Management Sale

Property developer and investor Charter Hall is looking to increase its funds under management platform with the potential purchase of Westpac Banking Corp’s $14.3 billion infrastructure investment business, Hastings Management. Hastings is 100 per cent owned by Westpac which was acquired over two separate branches. Westpac acquired 51 per cent of the group in October 2002 for $36 million. Technical Analysis […]

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 […]

Westpac Banking Corporation Ordinary Shares(ASX:WBC) HEFFX Outlook

Westpac Banking Corporation Ordinary Shares(ASX:WBC) HEFFX Outlook

Westpac Banking Corporation Ordinary Shares(NZE:WBC) HEFFX Outlook HEFFX Notes Westpac Banking Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected upper bound is: 32.03. The projected lower bound is: 29.07. The projected closing price is: 30.55. WESTPAC closed down -0.490 at 30.560. Volume was 63% […]