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Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. [2] Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation in 1982.
The Bank of Melbourne is a financial institution based in Melbourne, Australia, established in 1989 and taken over by the Westpac Banking Corporation (Westpac) in 1997. In 2004, Westpac rebranded the Bank of Melbourne branches as Westpac branches.
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
Westpac has also sold assets to cut costs and focus on core operations. Westpac said it would provide an update on its plans to return capital with its full-year results, and separately announced ...
Pressure mounted on the chief executive of Westpac Banking Corp <WBC.AX> on Thursday over the handling of Australia's biggest money laundering scandal, with the prime minister saying the bank's ...
Westpac Banking Corp said on Monday it will sell its auto finance business to U.S. private equity firm Cerberus Capital Management for an undisclosed amount. Australia's second-largest lender has ...
Gail Kelly (née Currer) is a South African-born Australian businesswoman. In 2002, she became the first female CEO of a major Australian bank or top 15 company, and in 2005 was the highest-paid woman in an Australian corporation. She is the former CEO of Westpac, a role she held from 2008 to 2015.
Westpac was sued by Australia's financial crime watchdog AUSTRAC in November for 23 million alleged breaches of anti-money laundering laws, including payments between known child exploiters. The ...