Financial Stocks

Westpac sued over multiple breaches; admits to charging 11,000 dead clients

  • November 30, 2021 02:16 PM AEDT
  • Ashish
 Westpac sued over multiple breaches; admits to charging 11,000 dead clients

Highlights Westpac Banking Corporation was sued by the ASIC over alleged widespread compliance failures. The ASIC has filed six civil penalty proceedings against Westpac Banking Corporation. Shares of Westpac were trading up 1.3% to AU$21.20 a...

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Owner-occupier lending continues to fall for 4th month

Owner-occupier lending continues to fall for 4th month

Highlights Australian Bureau of Statistics releases data regarding the value of the loan commitment on 1 November 2021. The value of new housing loan commitments saw a fall of 1.4% in September 2021. A yearly fall of 83% is reported in the own...

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IAG Group revises its FY22 guidance. Here’s the reason

IAG Group revises its FY22 guidance. Here’s the reason

Highlights Insurance Australia Group updates on net natural hazards claim costs for FY22 after severe weather events, including harsh storm and hail activity, were experienced last month. IAG receives nearly 14,000 claims by 4 pm on 1 November,...

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Judo Bank (ASX:JDO) vs Big Four: All you need to know

Judo Bank (ASX:JDO) vs Big Four: All you need to know

  • November 02, 2021 01:51 PM AEDT
  • Ashish

Highlights Judo Bank made its ASX debut on Monday after raising AU$657 million in an initial public offering (IPO). Judo Bank is Australia’s first challenger bank for small and medium-sized businesses (SMEs). The lender arrived on the sc...

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Macquarie (ASX:MQG) completes $A1.5 billion Placement

Macquarie (ASX:MQG) completes $A1.5 billion Placement

Highlights Macquarie Group announces successful completion of its AU$1.5 billion institutional Placement. The placement will lead to the issuance of 7.7 million new wholly paid ordinary shares at a price of AU$194.00 per Placement Share. R...

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Westpac announces AU$3.5b buyback; key things to know

Westpac announces AU$3.5b buyback; key things to know

  • November 01, 2021 09:28 AM AEDT
  • Ashish

In what could be a boost for its share price, Westpac Banking Corporation (ASX:WBC) on Monday announced a AU$3.5 billion off-market share buyback. Already, others in the big four ASX bank group - Commonwealth Bank of Australia, National Australia B...

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Here’s why ASX listed BBC closed tad higher today

Here’s why ASX listed BBC closed tad higher today

Highlights BNK Banking has announced in its market update that the Settlements achieved consecutive monthly records of AU$2.91 billion in September and $2.86 billion in August, 2021. BBC today revealed that its Aggregation division, Finsure was...

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Four dividend paying financial stocks - PTM, MFG, NHF, IAG

Four dividend paying financial stocks - PTM, MFG, NHF, IAG

Dividend stocks are always in demand among investors. Especially during times of high volatility in the markets, investors look at stocks that can offer them with a steady source of income. Though COVID-19 was a challenging period for all, many bu...

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How Macquarie (ASX:MQG) managed to double its first half profit

How Macquarie (ASX:MQG) managed to double its first half profit

  • October 29, 2021 10:04 AM AEDT
  • Ashish

Macquarie Group Ltd (ASX:MQG) on Friday announced doubling of its profit in the first half of FY2022 to AU$2.04 billion. The investment bank also revealed its plans to raise AU$1.5 billion from institutional investors at AU$190 per share. Macquarie...

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4 ASX Banking shares on Investor’s watchlist

4 ASX Banking shares on Investor’s watchlist

  • October 28, 2021 11:02 PM AEDT
  • Samta

After Reserve Bank of Australia’s decision to leave the interest rates on hold at a record low of 0.1%, in early October, the Australian equity market closed in red for a second consecutive session. The sector was anyways walking on eggshell...

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Wisr reports 21 back-to-back quarters of new loan growth

Wisr reports 21 back-to-back quarters of new loan growth

Highlights  Wisr has reported record revenue of AU$12.1 million for Q1FY22. WZR is capitalised with AU$30.7 million as unrestricted cash along with liquid loan assets of AU$24.4 million as of 30 September 2021.  ASX-listed non-ba...

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