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WBC, WESTPAC BANKING CORPORATION
early birds
post Posted: Aug 13 2019, 01:27 PM
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https://www.afr.com/companies/financial-ser...y_Sent=13082019

I may eat Waygu beef everyday washed down with the finest shiraz but, if I really want my new home, I can make do on much more modest fare.

================================

how modest one can be??? skip freakfast, lunch. only have sandwich for dinner---------------healthy , lose weight , and can qualify for a home loan from WBC. lmaosmiley.gif
GOOD SOLUTION !!!!!

i guess ASIC went too far this time.



 
blacksheep
post Posted: Feb 21 2019, 01:57 PM
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Class action filed against Westpac could affect thousands of Australian home loans
Exclusive by national consumer affairs reporter Amy Bainbridge and the Specialist Reporting Team's Emily Clark
Updated 10 minutes ago

QUOTE
One of Australia's biggest banks, Westpac, has been hit with a class action on behalf of borrowers and could be facing tens of millions of dollars in compensation claims.

Key points:
A class action against Westpac has been filed in the Federal Court this morning
The suit is on behalf of mortgage holders and accuses the bank of irresponsible lending
Law firm Maurice Blackburn will argue the bank breached lending obligations in loans dating back to 2011
The bank has already admitted up to 10,500 loans were affected and previously said it had "committed to proactively monitor" those that were still active


https://www.abc.net.au/news/2019-02-21/west...ection=business
https://www.shortman.com.au/stock?q=wbc
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 8 2018, 03:10 PM
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In Reply To: blacksheep's post @ Oct 2 2018, 03:45 PM

Schedule
Review of the Four Major Banks (Fourth Hearings)
PUBLIC HEARING
Thursday 11 October 2018
9.15 am Commonwealth Bank of Australia
1.15 pm Westpac

Friday 12 October 2018
9.15 am Australia and New Zealand Banking Group Limited

Friday 19 October 2018
9.15 am National Australia Bank

https://www.aph.gov.au/Parliamentary_Busine...Public_Hearings




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 2 2018, 03:45 PM
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In Reply To: blacksheep's post @ Sep 24 2018, 08:24 PM

Hit a new 5 year low of @27.13/share earlier today - currently $27.32. Previous low was in June - $27.24

https://www.shortman.com.au/stock?q=wbc
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 24 2018, 08:24 PM
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In Reply To: blacksheep's post @ Sep 19 2018, 09:40 PM

Might have been better all round not to have provided loans to "risky property investors" in the first place rolleyes.gif

Westpac plans to 'dump' risky property investors as rates rise and returns fall
QUOTE
Westpac Group, the nation's second largest lender, is giving risky property investors less than a month to find another lender amid growing concerns about the impact of rising rates, falling values and oversupply.

The bank is sending a single-page letter to investors warning it can "no longer support our commercial relationship with you", adding it will work with the borrower to help them find a new lender.


and on the "loyal customers" getting penalized

QUOTE
NAB chief executive Andrew Thorburn questioned the strategy of charging loyal customers higher rates, saying it was "probably not a long-term economic model to have aggressive 'front book' discounting when your existing clients are not getting the same sort of deal". Mr Thorburn's comments were not targeting Westpac.


read more - https://www.afr.com/personal-finance/westpa...20180924-h15s1a?
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 19 2018, 09:40 PM
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In Reply To: blacksheep's post @ Jun 15 2018, 03:13 PM

Good to see "existing" customers being valued rolleyes.gif

QUOTE
Westpac, the nation's second-largest lender, on Wednesday slashed lending rates by up to 110 basis points in an aggressive bid for new borrowers that coincides with rate hikes for existing borrowers


https://www.afr.com/personal-finance/westpa...20180918-h15kgl
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jun 15 2018, 03:13 PM
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Westpac faces ASIC legal action over sacked financial adviser

QUOTE
As banks face a wave of scrutiny from regulators, the Australian Securities and Investments Commission (ASIC) on Friday said it was taking action against the bank over advice provided by Sudhir Sinha, who worked for the bank in 2001 and 2014 in the Perth area
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mrbear
post Posted: May 23 2018, 09:01 PM
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The banking commission means nothing but a lot of smoke and drivel.

The core of the whole thing is that they are profitable and in the foreseeable future nothing will change,not like tls that is in a downward spiral of profit and div payouts.

Most traders I know treat this as a opportunity to add more, no different to bhp a short time ago when it was on the nose sharp players bought more and have been adding as it has risen and does not seem anywhere near its peak yet,cheers mrbear





Said 'Thanks' for this post: rog  
 
mullokintyre
post Posted: May 23 2018, 06:42 PM
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In Reply To: ignoramus's post @ May 23 2018, 03:23 PM

AMP had a woman answering, and it didn't really help them much!
Mick



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sent from my Olivetti Typewriter.
 
ignoramus
post Posted: May 23 2018, 03:23 PM
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Westpac have finally got their act together and now have a woman answering the Commissioners questions. She’s doing a very good job and clearly knows what she is there for. WBC share price has turned up into the green. ANZ has had a women answering for them also and she came across as very a professional and competent person. Pauline Hanson is in the audience.

 
 


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