Westpac Banking Corp
Westpac Banking Corporation is an Australia-based company that provides banking and selected financial services, operating under multiple brands, and predominantly in Australia and New Zealand, with a small presence in Europe, North Amer…
The business
Westpac Banking Corporation is an Australia-based company that provides banking and selected financial services, operating under multiple brands, and predominantly in Australia and New Zealand, with a small presence in Europe, North America, Asia and the Pacific. Its segments include Consumer, Business & Wealth, Westpac Institutional Bank (WIB), Westpac New Zealand and Group Businesses. The Consumer segment provides a full range of banking products and services to customers in Australia through three lines of business consisting of mortgages, consumer finance and cash and transactional banking. The Business & Wealth segment comprises business banking, wealth management, private wealth, and Westpac Pacific. The WIB segment delivers a range of financial products and services to corporate, institutional and government customers. The Westpac New Zealand segment provides banking, and wealth products and services for consumer, business and institutional customers in New Zealand.
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Latest news
Market Wrap: Soaring bond yields, oil and recession fears crunch Australian shares
ASX 200 falls as bond yields spike and oil surges, dragging miners lower while banks cling to gains amid rate-hike fears.
Market wrap: Stronger Wall Street not enough to save Australian shares from a weekly fall
ASX 200 dips 0.2% as weekly drop deepens despite Wall Street tech gains; traders eye another RBA rate rise as oil tops $95.
Market Wrap: Aussie shares end the week higher on amazing tech success
ASX ends week higher on AI-fueled tech rally after Nvidia, Salesforce results; Xero, WiseTech, NextDC rally as rate-path bets rise.
Weekly wrap: Aussie shares sink 0.6% as US Bonds defy Bessent intervention
ASX slips 0.6% for the week as US yields rise despite Bessent's bid to push rates lower; property and tech slide, Zip plunges 15% amid inflation jitters.
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