Westpac admits to overcharging more than 24,000 customers in New Zealand

Westpac New Zealand admitted to overcharging 24,621 customers by failing to provide advertised discounts, resulting in a total of NZ$6.35 million in overcharges.

Top Aussie banks join hands to combat fraud and scam in banking payments

Australian lender Westpac sees solid credit demand in 2025, posts 3% annual profit fall

Westpac Banking Corp reported a 3% profit decline but expects increased demand for housing and business credit in 2025 amid an easing monetary policy shift.

Australian banks brace for lower earnings as costs, competition bite

Australia's major banks expect lower annual earnings due to competition, rising deposit costs, and borrower struggles amid high interest rates, with mixed forecasts across institutions.

Australia's Westpac appoints Peter Herbert as acting CEO of business segment

Peter Herbert is appointed as acting chief executive of Westpac's business and wealth segment, effective Nov. 5, replacing Anthony Miller, who becomes CEO on Dec. 16.

Westpac flags $82 million hit to FY24 net profit from notable items

Westpac Banking predicts a A$123 million drop in net profit for 2024 due to hedge valuation impacts, while fiscal 2023 profit was A$7.195 billion.

Australia's Westpac to sell auto finance loan book to Resimac Group

Westpac sells its auto finance loans to Resimac Group for up to A$1.6 billion, aiming to focus on core banking and support Resimac’s growth in asset finance.

Westpac appoints insider Anthony Miller as CEO, incumbent Peter King to retire

Westpac Banking Corp appoints Anthony Miller as CEO effective Dec. 16, succeeding Peter King, who retires after 30 years, highlighting continuity and ongoing challenges in technology.