Westpac Banking Corporation News

Asian stocks trading in the U.S. rose for a third day as financial companies rallied in anticipation U.S. lawmakers will approve Treasury Secretary Henry Paulson 's rescue plan for the top two mortgage-finance ...

New Zealand central bank Governor Alan Bollard will probably keep interest rates at a record this week to fight inflation, ignoring a slump in consumer confidence and housing that may have pushed the economy ...

Asian stocks rose in U.S. trading for a second day as higher-than-estimated profit at JPMorgan Chase & Co.

Appoints Bob McKinnon to lead new division. Dylan Bushell-Embling 18/07/2008 08:41:49 + MANAGING -- To Hell and Back.

THE CHIEF executive of Westpac, Gail Kelly, has dipped into her 10-year stint at the Commonwealth Bank and St George to come up with a "back to the future" managerial revamp of her new employer.

Westpac is merging the customer facing activities of its retail and business banks in a sweeping review its organisational structure.

ALLCO Finance Group has returned from the brink, securing the support of its bankers and working on two new investment funds housing up to $1 billion in aviation and shipping assets.

Westpac Banking Corp has bought the 40 per cent stake held by the Government of Tonga in Westpac Bank of Tonga for an undisclosed sum.

ANDREW THE idea of a retail bank buying a stockbroker is, like second-time around marriage, a triumph of hope over experience.

Australian shares fell 1.5 per cent today, led down by financials such as Westpac Banking Corp on concerns about credit markets and slowing economic growth.

Westpac Funds Management said $31.3 million had been wiped from the valuation of its office trust portfolio during the second half of the 2008 financial year, as credit crunch impacts.

The Australian and New Zealand dollars rose as prices of commodities the two nations export advanced, improving the outlook for the South Pacific economies.

Allco Finance Group Ltd. , with seven times more debt than equity, said bankers agreed to a third one- month extension on A$250 million of short-term loans.

Technical factors are temporarily exaggerating the size of an acceleration in labour productivity during the past year, Westpac economists say.

Westpac is attempting to capitalize on the pounding shares of St. George have taken to grab the pole position in the Australian banking sector.

THE global bank HSBC has launched a wholesale wealth management business at its Sydney headquarters to channel funds into high-performing foreign economies.

Australian Competition & Consumer Commission Chairman Graeme Samuel said Wednesday that the outcome of a review into whether Westpac Banking Corp.

Asian stock markets were volatile Monday following steep losses on Wall Street on Friday on renewed concerns over the global credit crunch and rebounding oil prices.

THE Australian stock market opened in negative territory weighed down by losses in financial sector.

Graeme Samuel, chairman of Australia's competition watchdog, said Thursday that BHP Billiton Ltd.'s bid for Rio Tinto Ltd.