Lender

The major bank has informed investors that it is “not aware” of any breaches to anti-money laundering and anti-terrorism laws, in light of an ongoing AUSTRAC review.

Outgoing Westpac chairman Lindsay Maxsted has warned against further board renewal amid speculation of a push from investor for more leadership changes.

The major banks’ increased reliance on lending revenue is set to weigh on their profitability in the years ahead, particularly amid record-low interest rates, according to Moody’s. 

Westpac CEO Brian Hartzer is to step down, alongside other board changes, following Westpac’s AUSTRAC scandal.

OPINION: The full executive team and several members of the general management team at Westpac will lose all or part of their bonuses in 2019, as the bank assesses who is accountable for the ...

The non-major suspended trading on Monday to raise $275 million from investors, in a bid to strengthen its capital position.  

Law firm Slater and Gordon has launched two new class actions against the major banks relating to the alleged mis-selling of consumer credit insurance.

The national housing body has released its second bond issue, the equal-largest social bond for housing in Australia.

The corporate regulator has defended its move to appeal the Federal Court’s decision to overturn its responsible lending case against Westpac, amid growing scrutiny. 

The chief executive of the major bank is determined to lead the bank’s response to money laundering allegations.