Tag: WBC

Westpac Austrac sued breach anti-money laundering laws bank banking

Westpac sued for 23 million breaches of anti-money laundering laws

Australia’s financial intelligence agency has launched legal action against Westpac Banking Corporation (ASX: WBC) for failing to report over $11 billion in international funds...
Westpac capital raising profit slide bank dividend cut ASX WBC

Westpac cuts dividend following ‘disappointing’ full-year result, launches $2.5 billion capital raising

Shareholders in Westpac Banking Corporation (ASX: WBC) will cop a lowered annual dividend after the bank reported a 16% slide in profits to $6.78...
Dividend yield Australia's big banks CBA ANZ NAB WBC ASX

Australia’s big banks no longer a dividend yield certainty

For decades the not so secret investment rule was that you got a better yield by investing in banks than by depositing funds with...
Australian banks cut dividend costs ASX 2019

Australian banks set to confess sins and cut dividends?

They say confession is good for the soul and there is going to be plenty of it over the next couple of weeks as...
Bank shares bashing Commonwealth Royal Commission

Bank shares offer potential despite ongoing dramas and bank bashing

It is hard to remember a worse time to be a banker in Australia. Indeed, you could excuse bankers for pretending to be used car...
Westpac interest rate rise home loan bank 2018

Westpac left to justify out-of-cycle interest rate hike as other banks may follow suit

A decision this week by Westpac Banking Corporation (ASX: WBC) to raise its variable home loan interest rate by 14 basis points in an...