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Westpac Questioned On Entrepreneurshipstifling Regulatory Environment - Latest News

Westpac questioned on entrepreneurship-stifling regulatory environment

Westpac CEO Brian Hartzer faced the House Standing Committee on Economics on Friday, questioned by MP John Falinski who raised a previous speech ... and the founders of credit payment service Afterpay ... read more

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Non-bank lenders need more regulation: Hartzer

Westpac ... regulatory environment across all competitors." Other non-bank lenders have argued they are forced to show lending discipline because their funding comes from issuing residential ... read more

The man plotting Westpac’s tech revolution

At the annual results announcement last week, Westpac chief executive Brian Hartzer played up the importance of digital renewal at the bank, after a disappointing year in which profits fell 15 per ... read more

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Inside Market Forces, the small climate group Scott Morrison wants to put out of business

Porter suggested the response would be urgent and broad, possibly including regulatory action aimed at investors who fund class actions ... Canavan said there was a case for an environmental exemption ... read more

Commonwealth Bank focused on innovating amid pressure from fintechs

See also: Why Westpac is making 'frenemies' with fintechs (TechRepublic) "That's a very difficult question ... overall environment for customers to benefit." The Australian government is also looking ... read more

Westpac moves to fortify the balance sheet as banking outlook worsens

He is also likely to be one of many that will downgrade Westpac's forecast earnings for 2020. Westpac’s profit demonstrated how Hartzer is struggling to paddle fast enough to offset forceful headwinds ... read more

Westpac woes part of a painful transition that isn’t over yet

Non-interest income will trend lower, due to modest loan growth and the impact of regulatory changes to credit cards, and expenses will be 1 per cent higher than last year, excluding notable items. read more

Can you bet on the ASX banks for dividends?

The question is whether bank profits and thus dividends ... Some challenges, such as the broader economic environment, are largely beyond the control of ANZ, CBA, NAB, and Westpac. What the major ... read more

Sustainable Finance: Investing in a better world

"what is the regulatory ... by the United Nations Environment Programme Finance Initiative in New York. They cover 130 banks from 49 countries, representing more than US$47 trillion (NZ$74t) in assets ... read more

New Zealand watchdog sues Westpac arm over failure to disclose credit card terms

(Reuters) - New Zealand’s commerce commission has sued Westpac’s local ... latest sign of heightened regulatory scrutiny for Australian banks operating across the Tasman Sea. The move underlines a ... read more

At Westpac, Gail Kelly has left Brian Harzter big heels to fill

The US born Hartzer will take over one of the most powerful positions in the country and at a time when the banking industry is on the cusp of major changes to its regulatory environment. Former CEO ... read more

Westpac result offers glimpse into fragile banking environment

Westpac’s interim ... While the question mark over the capacity of the majors to continue to increase, or at least maintain, their high dividend payout ratios remains, given the apparent fragility of ... read more

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