Westpac
Westpac NZ directors lack 'sufficient expertise' - review
An independent report into Westpac New Zealand has found material shortcomings in the way its board has run the bank.
Evening business for 25 November 2021
News from the business sector, including a market report. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6283668330001 Video, Audio
Speculation rife over Westpac's withdrawal from New Zealand
Sold to another bank, listed on the New Zealand Stock Exchange or winding down the business completely, speculation is rife over what will happen if Westpac decides to withdraw from its New Zealand… Audio
Westpac considers selling its New Zealand business
Australia's Westpac Banking Corporation has confirmed it's considering the potential sale of its New Zealand business. In an update to the stock exchange, the parent bank says it's looking at whether… Audio
Are coins a thing of the past?
There is a question mark over the future of coins due to the twin effects of digital technology and inflation reducing coin values. Andrew Clifford, president of the Numismatic Society of… Audio
Westpac CEO on Covid uncertainty
Banks have been asked by the government to help implement a number of measures to ease the burden on New Zealanders, including a six month deferral on mortgage repayments and offering $500,000 loans… Audio
Technology could displace chemical products industry
Fast changing technology could displace traditional importers and distributors of chemicals for the manufacturing sector. Audio
First Union challenges all banks to address gender pay gap
The union representing bank workers is challenging all banks to follow Westpac's lead and put more women into high paying roles. Audio
Westpac expects Reserve Bank to cut OCR twice this year
Westpac expects the Reserve Bank will cut the official cash rate at least twice before the end of the year. Audio
Business Commentator, Rod Oram - criticism of the Reserve Bank
Rod Oram talks to Kathryn about criticism of the Reserve Bank for its handling of CBL, the insurer that went bust. Also ANZ and Westpac's Australian parents weigh in on Reserve Bank's capital… Audio
First home buyers shy away from family borrowing
It seems the majority of first home buyers would be uncomfortable tapping into the bank of mum and dad to purchase property. Audio
Westpac to refund almost $6m in fees to customers
Westpac New Zealand is refunding more than 30,000 customers after overcharging them on fees for some of their former accounts.
Lower fuel prices boosts consumer confidence
Consumer confidence has bounced back from a six-year low, with households buoyed by falling petrol prices and a steady housing market.
Westpac makes billion dollar profit
Westpac has joined the banking sector's billion-dollar profit club as it reaps the benefits of a two-year restructuring programme.
Westpac NZ makes a billion dollar profit
Westpac has joined the banking sector's billion-dollar profit club, as it reaps the benefits of a two-year restructuring programme. Audio
Westpac NZ reports a solid first half in competitive market
Westpac's New Zealand operation has reported a modest lift in profit despite a slowing housing market and strong competition for deposits. Audio
PR push to highlight the glass ceiling
New research concluding the lack of women in top jobs costs the whole country dearly got a lot of coverage this week - even in blank spaces in the Herald. Audio
Westpac's profits up 10% despite flat earnings
Westpac New Zealand's full year profit is up, with flat earnings offset by lower costs.
Kiwis rate NZ-owned banks - survey
New Zealanders rate locally-owned banks the highest when it comes to customer satisfaction, according to a Consumer NZ survey.
Hager takes Westpac privacy breach to Human Rights Tribunal
Journalist Nicky Hager is going to the Human Rights Review Tribunal over Westpac's release of his banking records to the police. Audio