Westpac manages to trim AGM to three hours

Westpac manages to trim AGM to three hours
Jenny Ruth
Westpac Banking Corp's annual shareholders' meeting this year was only somewhat less gruelling for the chair and directors than 2019's six-hour marathon, despite it being conducted virtually and only lasting half the time.Chair John McFarlane may have replaced Lindsay Maxsted, but many of the questions were the same, particularly relating to the A$1.3 billion penalty the bank had to pay for breaching money-laundering laws.That penalty followed the A$1 billion capital penalty the Australian Prudential Regulation Authority handed West...

More Finance

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025