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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.
Commercial Bank of Australia. The Commercial Bank of Australia Limited (CBA) was an Australian and New Zealand retail bank which operated from 1866 until being amalgamated with the Bank of New South Wales, that was established in 1817, to form the Westpac Banking Corporation in 1982.
The Bank of New South Wales (BNSW), also known as The Wales, was the first bank in Australia. It was established in 1817 in Sydney. During the 19th century, the bank opened branches throughout Australia and New Zealand, expanding into Oceania in the 20th century. Throughout it history it merged with and purchased many other financial institutions.
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 ...
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 ...
The report said Westpac was "one of a handful" of banks mulling a buyout offer and working on the potential benefits of assimilating Tyro into their wider banking operations. Australia's top two ...
Westpac is a publicly listed ASX private company with an Australian Financial Services Licence (AFSL). Both BankSA and Westpac are a part of the Australian Prudential Banking Deposit Scheme, which gives government assurances of all deposits placed into the bank in the event of financial crises. [better source needed]