John McFarlane will be the new chair of the Westpac board while current chair, Lindsay Maxsted, and board member, Anita Fung, will retire....

The Australian Securities and Investments Commission had staff on-site at the major banks and AMP for 216 days during October 2018 and December 2019....

Commonwealth Bank of Australia has retained its spot as one of the world’s biggest dividend payers, although it has fallen from 15th place in 2018 to 20th last year. ...

Compensation paid by the six largest banking and financial services institutions for fee-for-no-service and non-compliant advice is at $749.7 million, according to the co...

Former ANZ Group chief executive, John McFarlane has been announced as the chair-elect of Westpac and will be responsible for appointing the bank’s next chief executive....

A leading plaintiff law firm has called for employers to be placed under a legal obligation to select the right default superannuation fund for their employees at the sam...

The bank has appointed Colin Carter to the review panel while a man has been charged for using Westpac’s transfer system to pay for live-streamed child abuse videos in so...

The Federal Court has imposed penalties amounting to $9.15 million on Westpac because of its failure as a licensee with respect to poor financial advice provided by a for...

The Australian Prudential Regulation Authority’s announcement of an increase to Westpac’s capital charge and the commencement of an investigation into possible breaches o...

The class action by shareholders relates to market disclosure issues that are subject of the AUSTRAC money-laundering scandal....

The authority has increased the bank’s capital requirement to $1 billion and will focus on directors and senior managers that breached the Banking Act in relation to the ...

The bank’s chief executive told its annual general meeting that it would recruit 200 people in compliance and financial crime areas....

Lowers sales through advice channels have helped contribute to life/risk new sales reaching a five year low, according to new data released by Dexx&r....

Westpac’s AUSTRAC issues saw 3,390 people exit its latest share purchase plan at a cost of $68 million....