Westpac completes risk governance remediation

Westpac’s multi-year project to fix its risk governance, the CORE program, is complete, with independent reviewer Promontory Australia reporting that the bank has delivered all activities under the pr.. read more

Westpac results at a glance

Westpac reported net profit of A$3.34 billion for the six months to March 2024 – a fall of 18 per cent compared with earnings of $4 billion in the March half last year. read more

Business credit demand still growing

Business credit demand increased by 0.7 per cent in the March quarter, compared with the same period last year, according to the latest Equifax Commercial Insights report. read more

Government moves on AML reform

Attorney-General Mark Dreyfus has launched a new round of consultation with industry over the government’s plan to extend Australia’s anti-money laundering and counter-terrorism financing regime to co.. read more

Home loan size drives growth

An increase in the size of the average home loan, in line with higher property values, has been the main reason for the growth in the value of new mortgage lending over the past year. read more