Westpac (a portmanteau of "Western-Pacific", registered as Westpac Banking Corporation, ASX: WBC, NZX: WBC), is a multinational Financial services company and became the largest bank in Australia (by market capitalisation) after it took over St George, and the second-largest bank in New Zealand. The bank is one of the Australian 'big four' banks, joining NAB, ANZ, and the Commonwealth Bank. Read More

Articles About Westpac

Spain Stock Market
The Pain In Spain: Bankia Bailout, 5 Credit-Rating Downgrades

By IBTimes

Spain's Bankia S.A. requested the country's government provide it with a bailout worth €19 billion ($24 billion) on Friday, the same day Standard & Poor's Ratings Services said it lowered its ratings on five financial institutions based in the Iberian nation. (May 25)

MORE TOPICS: NEW YORK, MANAGEMENT

Spain region, Greek exit warnings rattle euro zone

By Reuters UK

Central banks and companies not bracing for a possible Greek euro exit would be making a grave error, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances. (May 25)

MORE TOPICS: BNP PARIBAS, PORTUGAL, ELECTIONS, EUROPEAN CENTRAL BANK, NEW YORK

Euro falls to near two-year low as Greece, Spain weigh
Euro falls to near two-year low as Greece, Spain weigh

By Reuters

The euro tumbled to nearly two-year lows against the dollar on Friday, and remained on track for its worst weekly showing in five months, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the regional bloc. (May 25)

MORE TOPICS: NEW YORK

Australian Stock Exchange
Australian Stock Market Report – Afternoon 5/25/2012

By Comsec

The Australian sharemarket lost ground for the third consecutive day and week, with the All Ordinaries Index (XAO) down 0.6 pct or 25 pts to 4081.2 today. Nine out of 12 sectors finished in the red today and the broader market hit a fresh six-month low. (May 25)

MORE TOPICS: CHINA, PORTUGAL, TWITTER, FACEBOOK, SOUTH KOREA, AUSTRALIA

Australian Stock Exchange
Australian Stock Market Report – Afternoon 5/24/2012

By Comsec

The Australian sharemarket kicked off the session a little higher for the third time this week, only to start losing ground following some disappointing economic data in China. The All Ordinaries Index (XAO) fell 0.3 pct or 12.6 pts to 4106.2. (May 24)

MORE TOPICS: CHINA, UNEMPLOYMENT, HSBC, MANUFACTURING, TWITTER, FACEBOOK

Euro
Australian Dollar Outlook - 05/24/2012

By IBTimes AU

Bell FX Currency Outlook: The Australian dollar has opened this morning around USD.9760, after trading down to a low of USD0.9690 overnight as European equities followed Asia's lead falling around 2.5%. (May 23)

MORE TOPICS: AUSTRALIA, FTSE, GOLD, HSBC, MANUFACTURING, GDP, COPPER

Greece crisis
Daily Forex Foracast 05/25/2012

By Ozforex

Fears of an impending Greek exit from the euro sent markets into a tail spin yesterday, the euro breaking critical support levels and taking the Australian Dollar down with it. (May 23)

MORE TOPICS: CHINA, UNEMPLOYMENT, HSBC, MANUFACTURING, RETAIL SALES, GDP

Economic Activities Moving Up in March but Not Too Much, Westpac Says
World Bank: Australia Should Brace for More Economic Backlash from China Slowdown

By IBTimes AU

The World Bank has picked on Australia for its over-dependence on its resource exports to China, which could eventually hamper growth in the Asia-Pacific Region to 7.6% this year. (May 23)

MORE TOPICS: AUSTRALIA, CHINA, UNITED KINGDOM

The sun is reflected at the logo of Swiss bank Credit Suisse at a branch office in Basel
Revenue Pressures Cause Aussie Banks to Lower Lending Standards for Home Loans

By IBTimes AU

Credit Suisse, in a new report released on Wednesday, warned Australian banks not to lower their lending standards for home loans to make up for the flat growth of lending across the banking industry,. (May 22)

MORE TOPICS: AUSTRALIA, CREDIT SUISSE, MORTGAGE

National Australia Bank
NAB Blames Battle for Deposits for High Mortgage Interest Rates

By IBTimes AU

National Australia Bank (NAB) Chief Executive Cameron Clyne blamed on Wednesday the battle for deposits among Australian lenders for the high mortgage interest rates in the country. In effect, he belied claims by the other banks that the European cri... (May 22)

MORE TOPICS: AUSTRALIA, MANAGEMENT, MORTGAGE

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