Macquarie is among dozens of lenders to start offering slightly lower interest rates, as banks compete for fewer customers.
Articles on Westpac
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Financial institutions are meant to have reliable payment systems in place. But more work needs to be done to ensure they do this.
The federal government has laid out a big picture proposal to keep cash alive. But it will need to keep a close eye on the details, and the unique challenges cash presents for businesses.
By declaring cash an ‘essential service’ the government would secure its future for those Australians who still use it.
The Commerce Commission says New Zealand’s banking sector is uncompetitive. But in the rush to fix the problem, regulators need to ensure they don’t introduce risk and instability into the system.
The New Zealand subsidiaries of major Australian banks might be highly profitable, but realising their true sale value can still be a challenge.
Its board has been found to “lack readiness to ask relevant questions”, a judgment it will have to wear.
Rather than imposing a straight fine, taking away franking credits would ensure shareholders feel more pain when companies misbehave.
Westpac has admitted to more than 23 million breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act.
Westpac and the ANZ have suspended dividends payments. The National Australia Bank has slashed them. The peculiarities of our tax system explain why retirees hate this more than they should.
We want to to believe in the power of shareholder activism, but reality is another thing.
Westpac’s 154 page financial statement will be a challenge for shareholders attending Thursday’s annual general meeting. In the early 2000s, it was only 35 pages.
Anti-money laundering rules give the comfort of doing something, but prevent surprisingly little crime.
Board directors of our biggest companies simply aren’t equipped to take on management. An idea floated 50 years ago could help.
Westpac’s decision to shut down its LitePay money transfer system will hurt people relying on remittances throughout the Pacific region.
The number one commandment of the anti money laundering law is “Know your customer”. AUSTRAC is alleging Westpac didn’t, and didn’t seem to want to.
The government at the weekend piled on more pressure for Westpac heads to roll over the bank’s money laundering scandal, with Treasurer Josh Frydenberg saying the affair had a long way to play out. “These…
It’s no wonder corporate wrongdoing occurs when the profits from wrongdoing outweigh the costs of being caught and punished.
University of Canberra VC Deep Saini and Michelle Grattan discuss this week in politics, and talk about what to expect in the last parliamentary sitting fortnight, which starts this Monday.
Examination of the first deposit in what became Westpac tells us much about 1817, not all of it pleasant.
Top contributors
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Professorial Fellow, University of Canberra
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Adjunct Professor, Swinburne University of Technology
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Emeritus Professor of Finance, The University of Melbourne
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Senior Lecturer, Faculty of Law, University of Wollongong
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Professor of Law (consumer protections and credit law), The University of Melbourne
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Professor, UTS Business, University of Technology Sydney
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Associate Professor of Finance, UNSW
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Scientia Professor of Economics, UNSW
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Professor of Business and Society, University of Technology Sydney
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Associate Professor of Accounting and Capital, Te Herenga Waka — Victoria University of Wellington
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Professor of Finance, The University of Melbourne
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Director, Climate Change Communication Research Hub, Monash University
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Associate Professor in Humanities, Griffith University
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Adjunct professor, Department of Social Inquiry, La Trobe University