ASX-listed Westpac Banking Corporation(AU:WBC)has struck a deal with Australia-based non-lender Resimac Group(AU:RMC)to sell its auto finance loans book. The expected value of the deal ranges between AU$1.4 billion and AU$1.6 billion upon completion. Following the news, WBC shares fell 1.3%...
WBK is down sharply since my last review. While I had been bearish on Australian banking stocks, the downward moves have been sharp, giving shares...
The Montgomery Funds own shares in National Australia Bank and Westpac Banking Corp. This article was prepared 21 December with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade either of these st...
"The solution we've developed is faster than other alternatives in the market today, providing same or next-day payment. This technology could be very beneficial to all Australians, providing a low-cost and fast method of sending low-value payments overseas." Moreover, she added that the solu...
In order to calculate market risks, Westpac has applied a model based on assessing the value at risk (VaR) limit. According to Saunders and Cornett (2014), the VaR model is one of the most popular recent techniques used to evaluate market risks with a focus on the role of business strate...