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Westpac says its profit margins are under pressure as it pays out more interest on customer savings accounts, amid an intensifying battle among the country’s big banks to win market share in deposits.

A major bank has warned Australians could face another rate hike this year in a bid to bring inflation under control. Despite the Reserve Bank of Australia (RBA) lifting the cash rate to 3.85 per cent ...

Westpac has been urged to move fast to replace retiring chief information officer Scott Collary to ensure its multibillion-dollar technology simplification program remains on track as it enters a ...

Westpac Banking Corp (ASX:WBC) released its first quarter 2026 investor presentation on February 12, showing modest profit growth and stable credit quality despite ongoing economic challenges. The ...

Westpac's 1Q26 update reveals $1.9bn profit and solid growth, with a focus on digital transformation and strong capital strength. You’re reading a free article with opinions that may differ from The ...

First-quarter profit rises 6% vs 2H25 quarterly average Net interest margin down 3 basis points Books growth in customer deposits, loans Shares jump 2.8% to record high Feb 13 (Reuters) - Westpac ...

Westpac’s group chief information officer of two-and-a-half years Scott Collary is set to retire “later this year”. Collary – who has been with Westpac for six years in total – will “remain with the ...

Westpac Banking Corp (ASX: WBC) shares are sinking today. Shares in the S&P/ASX 200 Index (ASX: XJO) bank stock closed yesterday trading for $39.91. During the Friday lunch hour, shares are changing ...

Westpac is rolling out Microsoft 365 Copilot to its global workforce, completing one of the most significant Copilot deployments undertaken by an Australian company and the largest in financial ...

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The major lender on Friday morning posted a net profit of $1.9bn for the three months to December 31, a 5 per cent lift compared with the average across the previous two quarters of 2025 and beating ...