Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Westpac Banking Corporation
  6. News
  7. Summary
    WBC   AU000000WBC1

WESTPAC BANKING CORPORATION

(WBC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Westpac Announces Reached Agreement with ASIC to Resolve Six Separate Longstanding Matters Through Agreed Civil Penalty Proceedings Filed in the Federal Court of Australia

11/30/2021 | 06:03am EST

Westpac has announced that it has reached agreement with ASIC to resolve six separate longstanding matters through agreed civil penalty proceedings filed in the Federal Court of Australia. The issues have all been previously disclosed and are summarised in the table below. These matters follow regulatory investigations conducted by ASIC, many instigated following the issues being self-reported by Westpac, including some which were raised during the Royal Commission. The majority of affected customers have been compensated, and any remaining payments will be completed as quickly as possible. Westpac and ASIC will jointly submit agreed proposed penalties for each of the proceedings, totalling $113 million. These penalties are subject to court approval and have been substantially provisioned (together with anticipated legal costs) in Westpac?s Full Year 2021 results. Westpac and ASIC have also prepared Statements of Agreed Facts for each matter. Westpac will continue to work cooperatively with ASIC to resolve the proceedings as quickly as possible.


ę S&P Capital IQ 2021
All news about WESTPAC BANKING CORPORATION
01/10WESTPAC BANKING : Financial Statements - Form 6-K
PU
01/10Westpac Banking Plans to Delist ADRs from NYSE
MT
01/10WESTPAC BANKING : 10/01/2022 Westpac Banking Corporation notifies NYSE of intention to del..
PU
01/10WESTPAC BANKING : 10/01/2022 Westpac offers emergency support for customers impacted by Qu..
PU
01/09Australian shares slide as tech stocks, Omicron worries weigh
RE
01/06Giants Reportedly Jostle for Westpac's BT
CI
01/06Australian shares rebound as financials gain, James Hardie sinks
RE
01/04Australian shares fall from 5-month high as tech losses weigh
RE
2021Australian shares slip after six-day run but set for big annual gain
RE
2021Westpac Banking Corporation Announces Ordinary Distribution on Wbcph - Cap Note 3-Bbsw+..
CI
More news
Analyst Recommendations on WESTPAC BANKING CORPORATION
More recommendations
Financials
Sales 2022 19 590 M 14 082 M 14 082 M
Net income 2022 5 266 M 3 786 M 3 786 M
Net Debt 2022 - - -
P/E ratio 2022 14,8x
Yield 2022 5,69%
Capitalization 78 671 M 56 733 M 56 552 M
Capi. / Sales 2022 4,02x
Capi. / Sales 2023 3,90x
Nbr of Employees 40 143
Free-Float -
Chart WESTPAC BANKING CORPORATION
Duration : Period :
Westpac Banking Corporation Technical Analysis Chart | WBC | AU000000WBC1 | MarketScreener
Technical analysis trends WESTPAC BANKING CORPORATION
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Last Close Price 21,47 AUD
Average target price 24,94 AUD
Spread / Average Target 16,1%
EPS Revisions
Managers and Directors
Peter Francis King Chief Executive Officer, MD & Director
Michael Rowland Chief Financial Officer
John McFarlane Chairman
Scott Collary Chief Operating Officer
Leslie Wilson Vance Group Executive-Financial Crime & Compliance
Sector and Competitors