The Australian Financial Review was quick to grab and endorse a much bigger grab for the public purse by the banks, led by Cameron Clyne of the NAB.
Westpac
Tips and rumours: Why do Westpac continue to make staff cuts?
Tispters tell of musical chairs in Westpac’s marketing and comms team, and Liberal MP Dennis Jensen’s new comedy act.
Westpac profits down $10 million
A worker spotted this manually edited newspaper in his lunch room after Westpac accidentally gave New Zealanders $10 million, provoking them to flee the country.
Gail Kelly has made some rotten moves, but not when it concerns selling shares
While the financial services sector continues to lay-off thousands of staff, Westpac boss Gail Kelly, recently cashed in some of her equity in the bank, selling 250,000 shares.
Morning Market Report: Market reacts positively to Westpac’s results
Westpac’s interim results were watched closely by analysts.
Big banks grow fatter at taxpayer expense
The Federal Government’s guarantee for Australian bank deposits and borrowings has done its work. It’s time to scrap it.
As Westpac’s share price drops, its directors demand more
The market crash has exposed a myriad of corporate governance failings but its hard to top the Westpac board for sheer audacity in seeking a 50% increase in directors’ fees, writes Adam Schwab.
Tips and rumours
I saw Malcolm Turnbull staffer, Patrick McGrath, in the city on Friday. He was wearing Union Jack cufflinks. Has anyone told Malcolm? Apropos the ATO. There is also another side to their behaviour particularly where small business and low wealth individuals are concerned. In the past five years we have expended $250K on my wife’s […]
Briefly Business: Westpac. KKR, Women on boards
The real cost of systems neglect .., KKR staging a revival. … Housing is all … China overtakes US online … Women on boards bring more women to top jobs.
Westpac pays lip service to customer service
Gail Kelly continues to make presence felt at Westpac, writes Glenn Dyer.
Is there another banking merger on the horizon?
If Westpac is allowed to take over St George, there’s a chance of at least one more bank merger, writes
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
Budget 08 - working families, tall poppies and Crikey’s coverage … Westpac and St George … employment figures … Tiger airways …
Westpac and St George: all about competition … reducing it
No matter how much Westpac rationalise and spin it’s opportunistic grab for St George Bank, the only driver behind the takeover is competition. That is, reducing competition, writes Glenn Dyer.
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
Westpac’s St George takeover … Peter Debnam … the media’s love of Obama … unemployment:… Israel …
Big ethical questions for Westpac’s Gail Kelly
Poach a CEO, buy her company. What could be wrong with that, asks Stephen Mayne?
Westpac and St George: the minus merger
How will Westpac and St George share the merger spoils should they get the all clear to merge later this year? Asks Ian Rogers.
Morning Market Report
The highs and lows of today’s stockmarket activity.
Housing slump will put pressure on merged Westpac/St George
The housing slump and the Reserve Bank’s war in inflation could take its toll on the proposed Westpac/St George merger. Westpac would be under pressure to cut costs by closing branches, sacking staff and rationalising banking infrastructure.
Rudd should block Westpac and St George love-in
Trading in Westpac and St George shares have halted during friendly takeover talks. But the courtship should be boned by regulators, writes Stephen Mayne.
Westpac and St George: The bailout we had to have?
Is the Westpac move on St George Bank the bailout we had to have as a result of the subprime crisis and credit crunch?
Westpac’s mortgage games, NAB keen to join in
There’s something a little strange about Westpac’s move to slash commissions paid to mortgage brokers, writes Michael Pascoe.
Westpac out to break the brokers
Westpac is within days (if not hours) of mounting a savage attack on the income and power of mortgage brokers, writes Michael Pascoe.
The banking gravy train rolls on
The Australian banking cartel and the Federal Government are similar in one respect: they make lots of money. But every now and then the Government gives us some back in terms of tax cuts. No such luck with the banks, writes Glenn Dyer.
Third bottom line gets tricky for Westpac
Westpac prides it self on its commitment to sustainability and corporate social responsibility. But is Westpac hiding a nasty little secret?
