Westpac won't pay a first-half dividend, ANZ decision still pending

Westpac won't pay a first-half dividend, ANZ decision still pending
Jenny Ruth
Westpac Banking Corp has decided it won't pay a first-half dividend despite assuring investors that its balance sheet is strong. "Given the desire to retain a strong balance sheet and the ongoing uncertainty in the operating environment, the board has now decided it is prudent not to pay a first-half 2020 dividend," Westpac said in a statement. Westpac also announced a further impairment charge against profit of A$826 million. That's on top of the A$2.24 billion in covid-19-related charges the bank announced with its first-half results in...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024