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WESTPAC
Westpac's latest job cuts not AI-driven, spokesperson saysWestpac is set to eliminate approximately 140 positions as part of a restructuring effort. The Finance Sector Union highlights that the ban...- Dollar edges back from 18-month high after FOMC minutesThe dollar index has maintained its position as hawkish Fed minutes emphasize inflation as a major concern. Recent interest rate hikes by t...
- In 2012, Scott Purcell started Man of Many with $20,000; 12 years later, his side project had grown into a $4.8 million-a-year media brandScott Purcell didn’t quit his banking job to start Man of Many. Instead, he kept working during the day. His evenings were spent building s...
- Global Market Today: Asian stocks retreat after AI warnings, oil advancesThe Kospi Index — a key barometer for AI investments — fell over 3% with SK Hynix Inc. and Samsung Electronics Co. among the losers. Semico...
- Global Market Today: Asia stocks waver as yen surges, Iran warns of retaliationOn Tuesday, Asian markets exhibited a mixed bag of outcomes, with the yen gaining strength significantly. Oil prices surged for the third c...
- Global Market Today: Asian markets tumble as US-Iran fighting lifts oil and bond yieldsMSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8% in early trading as South Korea's KOSPI dropped 3% on the open a...
- Dollar near eight-day high as US data lifts Fed hike betsThe dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increas...
- Dollar moves in a narrow range ahead of inflation data, Jackson HoleIn Asian markets, the dollar held steady as traders looked ahead to crucial inflation reports, particularly the US PCE data set to be relea...
- KPMG Australia was once considering 1,000 job cuts; firm now confirms nearly 400 layoffsIn a turbulent move, KPMG Australia is set to lay off around 400 employees, including high-ranking partners. This decision comes on the hee...
- Westpac outage leaves thousands affected in Australia; Customers unable to access EFTPOS - When will the services be restored? Here's what the company said about the outageA significant Westpac outage has impacted thousands of Australian customers, preventing access to EFTPOS services. The disruption caused wi...
- Westpac NZ slashes home loan rates after OCR cut, 3-year fixed now just 4.95%, check full listWestpac New Zealand has reduced lending and deposit rates following the RBNZ's OCR cut to 3.25%. Special fixed home loan rates now start at...
- Westpac New Zealand fined $3.25 million for misleading and overcharging customersWestpac New Zealand faced a fine of $3.25 million. The High Court imposed this for misleading customers. Some business clients were also ov...
- Westpac New Zealand online banking outage leaves customers frustrated, outragedWestpac Banking Corporation in New Zealand faced an online service disruption. The glitch impacted Westpac One browser and app users. Custo...
- Westpac NZ cuts lending, saving rates after central bank's move; online banking hit by technical glitchWestpac New Zealand responded to the Reserve Bank's rate cut by lowering variable lending and savings rates, effective mid-April, aiming to...
- Australian indus body criticises Westpac on offshoring plansThis move follows the loss of more than 1,000 jobs from Westpac last year, with 565 of these jobs being moved overseas by the bank.
- Westpac, Australia's first bank, opened its first branch in IndiaServices including trade finance, deposits, remittances, payments and receivables, savings and current account, foreign exchange and treasu...
- Australian bank Westpac to open branch in MumbaiThe bank's first branch in India will open in Mumbai, Group Executive, Westpac Institutional Bank, Rob Whitfield was quoted by local media ...
- TCS bags orders from NZ life insurer Westpac Life to upgrade its software platformThe platform will provide Westpac with the ability to define, configure and launch new products quickly and efficiently.
- Infy, HCL in race for Westpac's $500-mn outsourcing contractAustralia's second-biggest bank Westpac is seeking outsourcing suppliers for contracts worth up to $500 mn. Top BPO acquisitions | Security...
- Australia's St. George Bank agrees to Westpac bidSt. George Bank on Tuesday agreed to an 18.6 billion Australian dollar ($17.5 billion) takeover offer from Westpac Banking Corp. that would...
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