Australias Westpac first-half profit falls 1%
Australias Westpac Banking Corp recorded a marginal 1% drop in its first-half net profit on Monday, as a rise in operating costs due to technology investments offset growth...
Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses and Group Businesses. The Consumer segment provides banking products, including mortgages, credit cards, personal loans, and savings and deposit products. The Business segment serves the banking needs of SME and commercial customers, including agribusiness and provides banking and advisory services to high net worth individuals through private wealth. The Westpac Institutional Bank segment provides a broad range of financial products and services to corporate, institutional and government customers. The Westpac New Zealand segment provides banking, wealth and insurance products and services for consumer, business and institutional customers in New Zealand. The Specialist Businesses segment comprises the operations that Westpac ultimately plans to exit with agreements in pl
Australias Westpac Banking Corp recorded a marginal 1% drop in its first-half net profit on Monday, as a rise in operating costs due to technology investments offset growth...
Australias Westpac Banking Corp said on Wednesday net profit after tax for the first half of 2025 would be reduced by A$140 million ($89.35 million) due to hedging.
Australias Westpac Banking Corp has reached an A$130 million ($81.84 million) settlement on a class action lawsuit against the lender over commissions paid to auto dealers...
The chief of Westpac Banking Corp. said Australia’s economy is battling with the so-called last mile of returning inflation to the Reserve Bank’s target, a day after monthly...