(Reuters) -Australia's corporate regulator said the mortgage broking unit of No.2 lender Westpac had used falsified payslips from non-existent employers to approve home loans in a lawsuit filed on ...

ASIC has accused the now-defunct Westpac brand of breaching its obligations under credit laws and engaging in "widespread unlicensed conduct" between June 2019 and April 2023.

Westpac said it expects its existing provisions to be enough to cover the cost of the lawsuit. Westpac shut down RAMS to new home loans in 2024, while continuing to retain the ongoing loans. The ...

Westpac Banking maintained stable EBIT margins over the last year, all while growing revenue 3.7% to AU$21b. That's progress. You can take a look at the company's revenue and earnings growth trend ...

RAMS is a wholly owned subsidiary of Westpac. It closed for new home loan applications in August last year. · Source: Getty Westpac’s mortgage broking subsidiary RAMS is being sued by the corporate ...

ASIC sues Westpac over fake loan documents and ‘systemic misconduct’ at RAMS. The corporate regulator alleges Westpac’s home lending subsidiary RAMS had a culture of falsifying documents to ...

Westpac wants to settle the case as soon as possible, and potentially faces a fine of almost $30 million, according to legal experts. “RAMS was completely asleep at the wheel on this.

By Sneha Kumar and Byron Kaye (Reuters) -Australia’s corporate regulator said the mortgage broking unit of No.2 lender Westpac had used falsified payslips from non-existent employers to approve ...

The new version has already been updated on the White House's website. The official portrait from Mr. Trump's first term, taken in 2017, captures him smiling broadly in front of an American flag ...

Westpac pilots AI assistant to help staff deal with customers who have been scammed. Westpac has built an AI assitant to help support staff deal with customers who think they've been scammed.

Westpac also denied Ms Aitken’s bullying allegations, and said she received a bonus in 2023 which was $20,000 more than the previous year.

White House reporters express disbelief over Karine Jean-Pierre's departure from the Democratic Party and new book, with one saying they "have to pick my jaw up from the floor." ...