Westpac Wire

Stay updated with the newest news, insights, and viewpoints on banking, economic matters, and community concerns, provided by Westpac Banking Corporation ABN 33 007 457 141.

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Meet the vigilante ex-cop who catfishes the catfish

3 days ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

For Kylee Dennis, the fight against scammers has always been personal. A 14-year career in the police force came to an end when she traded in her badge for a different kind of stakeout: catching catfish on dating apps. The founder of Two Face Investigations is passionate about stopping romance scams – a mission borne from a close call at home.
Westpac's Miller hands down first result, urges calm amid global uncertainty

1 week ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

Westpac CEO Anthony Miller says the bank is in a strong position to support customers through uncertain times, as he hands down his first half year result as CEO. Miller, who took over from Peter King last December has posted a $3.5 billion net profit excluding notable items, down one percent on the first half of 2024.
Inflation prints higher than expected but cuts still on the cards

2 weeks ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

Headline inflation has exceeded Westpac Economics estimates, holding at 2.4 per cent for the year, but has not impacted the team’s base case of rates cutting in May. Annual trimmed mean inflation, the preferred measure of core inflation by economists and the Reserve Bank of Australia, has moderated to within the central bank’s target range to 2.9 per cent for the first time since 2021.
Fiji faces tough tariffs from a position of strength

2 weeks ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

Fiji is facing stronger than expected headwinds following US President Donald Trump’s tariffs, made worse by a slowdown in tourist arrivals from Australia and New Zealand. Although the tariffs were reduced from a shockingly high 32 per cent to 10 per cent following Trump’s 90-day pause, Fiji is nonetheless working through its trade strategies which includes possible alternative markets for the goods it exports to the US. However, the US remains a key export market for Fiji.
From the battlefield to the boardroom: the legacy of a veteran bank CEO

3 weeks ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

We pause this Anzac Day to reflect on the service and sacrifice of the men and women involved in war, including the 418 Bank of New South Wales (now Westpac) employees who lost their lives in WWI and WWII. Among the bank's 793 staff to enlist in WWI was Thomas Baker Heffer, a New Zealander who joined the bank aged 18. By the time he enlisted in 1915, he was relatively senior in the bank and almost 30, slightly older than most of his fellow volunteers.
MONEY TALK: Millie Elliott

3 weeks ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

For Millie Elliott, managing her personal finances is all about finding a balance. “I don't know whether I'd call myself a saver or a spender. I think I sit in between - a little bit balanced,” the Sydney Roosters, Westpac NSW Blues Women and Jillaroos prop tells Wire in an interview. She’s not against the occasional splurge, just as long as it’s in moderation. It’s in keeping with her broader approach to make money work for her, rather than letting money dictate her decisions.
Westpac CEO's customer email: strengthening scam defences and regional presence

3 weeks ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

Dear Customer,It is a pleasure to write to you for the first time as the new CEO of Westpac. Thank you for choosing to bank with us. I want to make sure that you, your family and your business can always count on us. At Westpac we have a dedicated team across the country assisting you every day. We’re privileged to serve you and continue our long-standing 200-year history of helping customers. We understand that the high cost of living has been challenging over the past few years.
SCAM SPOT: Hobbying investors are a rich target for scammers

1 month ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

In some relationships, and particularly in the older generations, it could be that the man manages finances. But most of us make better decisions when we use someone as a sounding board. Everyone of every sex should independently have a good sense of how their money is being invested. Ask what is being invested in, and how they know for sure it is who they think it is. But there is another factor.
Westpac backs regional Australia with new service centres

1 month ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

In a move to bolster support for regional Australia, Westpac has announced the establishment of three new Regional Service Centres in Moree (NSW), Leongatha (VIC), and Smithton (TAS). CEO Anthony Miller made the announcement during a trip to Moree in northern NSW, describing regional Australia as the “lifeblood of the country”. “Regional Australia is pivotal to the nation’s economy. It’s home to a third of the population and contributes 30% to GDP.
Growth forecasts lower despite Australia’s trade advantages

1 month ago | westpac.com.au | Ben Young |James Thornhill |Marina Gainulina |Sarah Williamson

Westpac Economics has trimmed its growth forecast for the Australian economy in response to recent shocks to markets following Donald Trump’s “liberation day” tariffs. Citing a weaker external environment and slower recovery in consumer demand, the team now anticipates a growth rate of 1.9 per cent this year, down from the previous forecast of 2.2 per cent.