Westpac - News, Articles & Research

The WFH hub is here to stay - Westpac

Even as it begins to gradually bring employees back to offices, Westpac says that the Covid-19 pandemic will lead to a long-term shift to working from home.

17 June 2020

News/crime

Westpac worries deepen on child abuse allegations

Westpac is facing further allegations about child abuse links relating to the anti-money laundering scandal that rocked the Australian bank late last year.

12 June 2020

News/regulation

Westpac blames technology and human error for AML failure

Australian bank Westpac has blamed the failure of its anti money laundering (AML) processes on a mixture of technology and human error rather than any intentional wrongdoing, according to a report commissioned by the bank's former chairman Lindsay Maxsted.

04 June 2020

News/people

Westpac hit by defections of CIO and consumer banking chief

Westpac has been rocked by the sudden departure of its consumer banking chief David Lindberg and chief informtion officer Craig Bright.

19 May 2020

Company announcement/people

NatWest appoints Westpac consumer chief Lindberg as retail banking CEO

NatWest Group has announced the appointment, subject to regulatory approval, of David Lindberg as its new CEO, Retail Banking, joining from Westpac, where he is currently Chief Executive of its Consumer division.

19 May 2020

Company announcement/crime

Westpac files defence over AML failings

Westpac today filed its defence with the Federal Court in relation to civil proceedings brought by AUSTRAC on 20 November 2019 regarding alleged contraventions of its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act.

15 May 2020

Company announcement/payments

Westpac switches on Apple Pay

Apple Pay is now available for Westpac customers with an eligible Mastercard debit or credit card, or eftpos Handycard.

28 April 2020

News/retail

Meet Wendy, Westpac’s latest AI recruit

Westpac's latest AI recruit, Wendy, is capable of recognising and responding to customers' emotions as they chat onscreen through the webcam.

21 April 2020

Company announcement/people

Peter King appointed Westpac CEO

Westpac Chairman Mr John McFarlane today announced the appointment of Mr Peter King as Chief Executive Officer.

03 April 2020

Company announcement/crime

Westpac faces US class action suit over financial crime disclosure

Westpac today confirmed that Rosen Law Firm has filed a class action lawsuit against Westpac on behalf of purchasers of the securities of Westpac between 11 November 2015 and 19 November 2019 inclusive.

03 February 2020

News/startups

Westpac's Reinventure invests in Indonesia's Kredivo

Westpac-backed venture fund Reinventure has stepped up its push into Asia’s fintech scene, joining a US$90 million funding round for the owner of Kredivo, Indonesia’s fast-growing "buy now, pay later" (BNPL) platform.

27 January 2020

Company announcement/wholesale

Westpac announces John McFarlane as incoming chairman

Westpac Group today announced the appointment of Mr John McFarlane to the Westpac Board as Non-Executive Director and Chairman-Elect, succeeding Lindsay Maxsted on 2 April 2020.

23 January 2020