Westpac shut down RAMS to new home loans in 2024, while continuing to retain the ongoing loans. The closure prompted RAMS franchisees to file a class action lawsuit against Westpac, claiming it ...

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.

(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 ...

Westpac Banking Corp. is planning to cut more than 1,500 jobs in the bank’s biggest redundancy in a decade as it strives to meet ambitious cost reduction targets, the Australian Financial Review ...

Westpac Banking Corp. is preparing to cut over 1500 jobs, which would be the bank’s largest round of job cuts in a decade. According to a report by the Australian Financial Review, this move is ...

Westpac has been fined $3.25 million for misleading representations. In total, 24,621 customers were affected leading to $6.35m in overcharges. Westpac admitted its conduct in December.

Targeted sectors (FY24)The Westpac business banker said lending volumes had been strong in the first quarter, with Ms Brydgen noting she expected that to continue throughout the rest of the year ...

Westpac is using a traffic light model to track the progress of its various programs. The bank said 30 projects were “green” and performing well, 8 were “amber” and subject to delays, and ...

Westpac has announced it will be offshoring 190 Australian jobs to the Philippines, with South Australian and New South Wales workers mostly impacted. The move has sparked concerns over the security ...

Westpac Group Executive for Human Resources, Christine Parker, is retiring after nearly two decades with the financial services firm. Westpac CEO Peter King announced Parker's retirement in a ...

Objectively, it's been a wonderful 12 months for Westpac Banking Corp (ASX: WBC) shares and, by extension, anyone who owns them. This ASX 200 bank stock was going for $21.31 this time last year.

Westpac Banking Group said it’s now kicked off work on 14 initiatives, including simplifying customer and collections systems as part of its technology simplification through the Unite program.