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WBK / Australia's Westpac says won't stick to home loan guideline as interest rates surge

Australia's Westpac says won't stick to home loan guideline as interest rates surge
Australia's Westpac Banking Corp said it will refinance loans for some borrowers who don't meet an industry standard that assesses their ability to repay, putting pressure on the bank regulator to relax guidelines after a year of interest rate hikes. Read More
Posted: May 19 2023, 03:57
Author Name: Reuters
Views: 110263

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Australia's Westpac sees lower profit in fiscal 2023

By Reuters
October 25, 2023

Australia's Westpac sees lower profit in fiscal 2023

Australia's Westpac Banking Corp said on Wednesday that it projects its reported net profit after tax in fiscal 2023 will be reduced by A$173 million more_horizontal

Australia's Westpac fails to sell pacific banking business

By Reuters
October 3, 2023

Australia's Westpac fails to sell pacific banking business

Australian lender Westpac said on Wednesday it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that wa more_horizontal

Westpac acknowledges legal proceedings on financial hardships negligence

By Reuters
September 4, 2023

Westpac acknowledges legal proceedings on financial hardships negligence

Australia's Westpac Banking Corp on Tuesday said it was aware of legal proceedings launched by the country's corporate regulator alleging the lender's more_horizontal

Westpac Q3 posts rise in late mortgage payments

By Reuters
August 20, 2023

Westpac Q3 posts rise in late mortgage payments

Australia's no. 3 lender Westpac Banking Corp reported an uptick in its debt arrears in third-quarter due to high interest rates and sticky inflation, more_horizontal

Dollar on 'Good Footing' Right Now, Westpac Says

By Bloomberg Markets and Finance
August 2, 2023

Dollar on 'Good Footing' Right Now, Westpac Says

Sean Callow, senior currency strategist at Westpac, talks about the dollar, the yen, the pound and central banks' policies. He speaks with Shery Ahn a more_horizontal

ASX 200 index forecast as REA Group, ANZ, Westpac share prices jump

By Invezz
July 25, 2023

ASX 200 index forecast as REA Group, ANZ, Westpac share prices jump

The ASX 200 index rally gained steam on Wednesday as the market reacted to the latest Australia inflation data. The index, which tracks the blue-chip more_horizontal

The British pound 'had a good run' but faces a tough time ahead: Westpac Bank

By CNBC International TV
July 20, 2023

The British pound 'had a good run' but faces a tough time ahead: Westpac Bank

Sean Callow of Westpac Bank discusses why he isn't bullish on the pound despite inflation cooling in the UK more_horizontal

Australia's Westpac splits consumer and business banking unit into two

By Reuters
July 19, 2023

Australia's Westpac splits consumer and business banking unit into two

Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with each having its own CEO, effective Aug more_horizontal


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