Westpac Banking Corp

ASX:WBC ISIN:AU000000WBC1

Westpac Banking Corporation (ASX:WBC) is a banking organization that provides a range of banking and financial services in Australia and New Zealand. The Company's operations comprise four key areas of business, through which it serves approximately seven million customers. These four areas of business are Business and Consumer Banking (BCB), which provides retail banking and other financial services to individuals and small to medium-size businesses within Australia; BT Financial Group Australia (BTFG), providing investment management and administration, retirement planning, income protection, and life insurance services; Westpac Institutional Bank (WIB), providing banking, financial and advisory services to corporate, institutional and government customers, and supplying financial products to small and medium-size businesses primarily in Australia and New Zealand, and New Zealand Banking, providing a range of retail, commercial and other financial services.<BR /> 
 
      

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News

Australian Market Report of January 7: Optimism over Iron Ore Prices

🕔1/7/2010 9:30:30 AM 12969

Australian stocks ended flat on Wednesday as shares gave up early gains in the afternoon dragged by banks. Miners advanced as investors were optimistic about the iron ore prices. At the close, the benchmark S&P/ASX200 index was up 1.6 points at 4925.9 points, while the broader All Ordinaries index lifted 7.7 points, or 0.15 per cent, to 4947.2 points.

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Australian Market Report of December 4: Flat Leads from Overseas

🕔12/4/2009 1:00:56 PM 18374

US shares fell on Thursday as the services sector index declined unexpectedly in November. The contraction also hurt sentiment ahead of the release of unemployment figure.

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Australian Market Report of December 2: Turn to Riskier Assets

🕔12/2/2009 1:00:37 PM 14653

US stocks Wednesday climbed to near the peak of the year after Dubai's debt restructuring plan. The market was also supported by the optimism about the upcoming holiday shopping season while retailers Staples and Guess saw positive earnings in third quarter and provided guidance above market expectations.

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Insto's Foreign Exchange Conference 2009. Westin Ballroom, Sydney, 10th November

🕔11/9/2009 6:37:49 PM 13551

Insto's Foreign Exchange Conference 2009 will be held at Sydney's Westin Hotel on Tuesday 10th of November. Registration is free for all institutional funds and corporate representatives along with all subscribers to Insto.

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VIDEO: Australian Market Report of October 9: Upbeat US Job Data and Consumer Spending

🕔10/9/2009 1:00:58 PM 19048

Overnight the US stocks closed higher on the positive Alcoa earnings and better-than-expected weekly jobless claims and consumer spending. Investors were also encouraged by the US retailers' first same-store sales gains in more than a year.

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VIDEO: Australian Market Report of October 8: Good Start for US Earnings Season

🕔10/8/2009 1:00:42 PM 19633

Wall Street closed flat yesterday after the market rallied for two days. Traders turned cautious before the third quarter earnings kick off. Alcoa (NYSE:AA), the first company to unveil its earnings, posted a better-than-expected result with third quarter net income of US$77 million, after three consecutive quarters of losses.

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Australian Market Report of August 3: Five Months of Solid Gains

🕔8/3/2009 1:00:50 PM 20308

Wall Street ended the last trading session of July with a positive note on Friday. The Dow increased 0.86% for the week and 8.58% for the month thanks for the better-than-expected earnings reports. The US government reported on Friday that gross domestic product declined by 1% in the second quarter, while economists had expected that number to be around 1.5%. The result gave investors stronger confidence that the worst recession since the Great Depression is likely coming to an end.

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Australian Market Report of July 2: Encouraging US Data

🕔7/2/2009 1:00:08 PM 17274

The Australian shares yesterday started the new financial year with a significant fall led by financial and resources stocks. The benchmark S&P/ASX200 index lost 80.9 points, or 2.05 per cent, to 3874 points, while the broader All Ordinaries index was 75.5 points, or 1.91 per cent lower, at 3872.3 points.

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Australian Market Report of June 16: Lower US Stocks and Commodities Prices

🕔6/16/2009 1:00:40 PM 16525

The Australian shares closed lower as weaker commodities prices weighed on the resources sector. The benchmark S&P/ASX200 index fell 30.5 points, or 0.75 per cent, at 4031.7 points, while the broader All Ordinaries index shed 31.1 points, or 0.77 per cent, to 4030.4 points.

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Australian Market Report of June 9: Banking System More Stable

🕔6/9/2009 1:00:29 PM 16562

On Friday, the Australian market closed higher, lifted by the news of a massive joint venture between mining giants BHP Billiton and Rio Tinto after Rio scrapped the takeover deal with Chinalco. The benchmark S&P/ASX200 index was up 36.6 points, or 0.93 per cent, at 3971.2, while the broader All Ordinaries index gained 36.5 points, or 0.93 per cent, to 3969.0 points. Today the local market could be hit by lower commodities prices.

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Company Data

    Headquarters
  • Level 20, Westpac Place
    275 Kent Street
    Sydney NSW 2000
    Australia
  • Principal Sector
  • Finance 
  • Principal Industry
  • Banks & Insurance 
  • Homepage
  • www.westpac.com.au
  • E:
  • lcoughlan@westpac.com.au

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*refer to company website