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Westpac appoints new chairman

The major bank has announced that a former ANZ CEO will become the successor to its outgoing chairman, Lindsay Maxsted.

Westpac appoints new chairman
Major bank faces new class action

National Australia Bank’s superannuation trustees have been hit with a new class action for alleged beaches of super trustee duties, which caused substantial losses to 330,000 members and ...

Major bank faces new class action
Prices to exceed peak in ‘unsustainable moon-shot’

Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stunt any near-term boost in housing activity, ...

Deloitte
Westpac appoints veteran to oversee AUSTRAC response

The major bank has appointed the final member of an independent advisory panel formed to oversee its response to financial crime regulator AUSTRAC’s investigation.

Westpac
Building commencements dip in September quarter

Home building commencements dropped in the September quarter, reflecting poor conditions in the housing market in early 2019, according to the HIA.

Construction
Westpac to cover mortgage repayments for bushfire victims

The major bank has confirmed that customers whose homes have been destroyed by bushfires will be spared from mortgage repayments for a year. 

Westpac
Lender halts trading ahead of ‘significant’ capital raising

A neo-lender has halted trading on the ASX as it prepares for a new share placement.

ASX stockboard
Suncorp bushfire costs exceed $300m

The banking and insurance group has received more than 2,600 bushfire-related claims since September 2019, with a total estimated cost of between $315-345 million, the company has revealed

Suncorp bushfire costs exceed $300m
Lenders pledge support to bushfire recovery

Following major donation packages being announced by the major banks, several lenders, including Resimac and La Trobe Financial, have announced monetary pledges to organisations assisting ...

Lenders pledge support to bushfire recovery
NAB expands bushfire relief contributions to $5m

The major bank has announced that it is increasing its bushfire recovery contributions from the previously announced $1-million package to a total of $5 million.

NAB expands bushfire relief contributions to $5m
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