Australian multinational bank
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Westpac Banking Corporation, known simply as Westpac, is an Australian bank and financial services provider headquartered in Sydney, Australia. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed shortly afterwards. It is one of Australia's "big four" banks and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific".
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Westpac pledges to end support for coal by 2030Westpac will end its financing for thermal coal by 2030, leaving ANZ as the only major bank not to set an exit date for its support of the industry.
King takes up new banking crownThe money laundering scandal engulfing Westpac yesterday claimed what it was always bound to — the scalps of chief executive Brian Hartzer and chairman Lindsay Maxsted.
Westpac CEO Brian Hartzer to get $2.7m payout after resignationWestpac chief executive Brian Hartzer will step down on December 2, while chairman Lindsay Maxsted is bringing forward his retirement to the first half of 2020.
Westpac CEO Brian Hartzer resigns after money-laundering scandalWestpac chief executive Brian Hartzer will step down on 2 December, while chairman Lindsay Maxsted is bringing forward his retirement to the first half of 2020.
Westpac slashes executives' bonuses after money laundering scandalTreasurer Josh Frydenberg has repeatedly declined to say whether the board of Westpac should be sacked following money-laundering accusations.
A Westpac customer for 36 years, I might put my money in socksThe shocking revelations about the bank's failures to protect against money laundering - even a child sex trafficker - has led me to ask: can I bank ethically?
Maxsted out his credit as shareholders set to turn on Westpac chiefWestpac chairman Lindsay Maxsted has plenty of grumpy stakeholders to manage after the bank was accused on Wednesday of breaching Australia’s anti-money laundering laws no less than 23 million times.
Watchdog accuses Westpac of failing to act on child exploitation risksWestpac has been accused of failing to carry out due diligence on transactions relating to potential child exploitation in South East Asia.
Watchdog targets Westpac over 'deficient' anti-money laundering oversightWestpac is being pursued by the financial crime watchdog for apparent breaches of money laundering laws.
A 0.75% interest rate: will young Australians lose out again?Please Explain speaks to Westpac's Bill Evans, one of the few who has correctly predicted rate cuts over the past decade.
More clarity is needed on bank lending rulesThe Australian Securities and Investment Commission should not be criticised for mounting a case against Westpac’s assessment of home loans.
Westpac, ANZ let customers down: TreasurerTreasurer Josh Frydenberg has ruled out boosting government spending although it's expected data to be released on Wednesday will show soft economic growth.