Reuters UK (Free subscription) | 07/17/2008
SYDNEY, July 17 (Reuters) - Westpac Banking Corporation , Australia's fourth-largest lender, on Thursday announced restructuring plans ahead of its planned takeover of St. George Bank Ltd .
News.com.au (Free subscription) | 07/15/2008
WESTPAC Banking Corporation has lifted its standard variable mortgage rate by 14 basis points, in what is its sixth home-loan rate rise this year.
Market Watch (Free subscription) | 07/15/2008
HONG KONG (MarketWatch) -- Australia's Westpac Banking Corp. is expected to increase its interest rates and join rivals that made similar moves recently, in spite of the central banks' decision to keep its lending rates on hold, according to a media report Tuesday.
Peter Martin (Free subscription) | 07/15/2008
All in all, a successful operation. The new mortgage rate scorecard: St George: 9.67%; ANZ and Commonwealth: 9.62%; Westpac and NAB 9.61%. Note that most rates are discounted by 0.6 percentage points - for the moment. Here's today's announcement from Westpac: Westpac Banking Corporation today announced an increase of 0.14% to its standard variable home lending rates to 9.61% effective
New Zealand Herald (Free subscription) | 07/14/2008
SYDNEY - Westpac Banking Corp has bought the 40 per cent stake held by the Government of Tonga in Westpac Bank of Tonga for an undisclosed sum. The move gives Westpac outright ownership of the Tongan operation, after the Government...
Man on the Street 64 (Free subscription) | 06/20/2008
A contrarian outlook by a bank economist. Bank economists are scared more of deflation than inflation. Why am I not surprised. The doves at the Fed will endorse it. James Shugg, a senior economist at Westpac Banking Corp., talks with Bloomberg's Jeremy Naylor in London about the outlook for economic growth, inflation and interest rates in the U.S., the U.K. and the euro region. (Source: Bloomberg)...
Fiji Times (Free subscription) | 06/15/2008
A flexible and strong communications sector is critical for a dynamic economy, says an economist with the Westpac Banking Corporation.
Reuters UK (Free subscription) | 05/28/2008
MELBOURNE (Reuters) - Investors are ignoring broker views and betting a higher bid will emerge for Australia's St George Bank Ltd , which has already accepted a A$16.4 billion ($15.8 billion) all-share offer from Westpac Banking Corp .
New Zealand Herald (Free subscription) | 05/26/2008
St George Bank and Westpac Banking Corp signed an implementation agreement yesterday that is meant to pave the way for Westpac's buyout of the smaller group. The agreement, which would create Australia's biggest bank, still needs...
Reuters UK (Free subscription) | 05/26/2008
MELBOURNE, May 26 (Reuters) - Westpac Banking Corp Ltd will proceed with a bid of about A$16.6 billion ($16 billion) for St George Bank Ltd , the biggest banking takeover in Australia, and analysts said it was in a strong position to see off any rival suitor.
International Herald Tribune (Free subscription) | 05/19/2008
Westpac Banking, whose $17.6 billion bid for St. George Bank represents the biggest banking takeover ever in Australia, is bracing for rival offers to emerge that could push the purchase price even higher.
DealBook (Free subscription) | 05/19/2008
Westpac Banking, which has bid $17.6 billion for St. George Bank in the biggest banking takeover ever in Australia, is bracing for rival offers to emerge that could push the price tag even higher, Reuters reported. Speaking to Australia Broadcasting Corporation television on Sunday, Westpac chairman Ted Evans said “never say never” when asked whether the [...]
Business Times Asiaone (Free subscription) | 05/18/2008
(SYDNEY) Westpac Banking Corp Ltd, which has bid US$17.6 billion for St George Bank in the biggest banking takeover ever in Australia, is bracing for rival offers to emerge that could push the price tag even higher.
New Zealand Herald (Free subscription) | 05/18/2008
Westpac Banking Corp, which has bid for St George Bank in the biggest banking takeover in Australian corporate history, is open to increasing its $17.6 billion offer, its chief said yesterday. Speaking to the Australia Broadcasting...
Reuters UK (Free subscription) | 05/18/2008
SYDNEY (Reuters) - Westpac Banking Corp Ltd , which has bid for St. George Bank in the biggest banking takeover in Australian corporate history, is open to increasing its $17.6 billion (9 billion pounds) offer, its chief said on Sunday.
