Browsing Tag
Anthony Miller
3 posts
Westpac (ASX: WBC) plans 102 job cuts in Risk, Institutional Banking and Finance reset
Westpac Banking Corporation is consulting on a restructuring affecting 174 positions across Risk, Institutional Banking and Finance, including 102 proposed redundancies and 72 moves into comparable roles. The cuts arrive while the Australian bank remains strongly capitalised and profitable, turning the workforce action into a test of whether simplification can lower structural costs without weakening risk oversight or institutional banking execution.
Why Westpac Banking (ASX: WBC) shares fell over 4% despite a A$1.8bn Q3 profit print
Westpac posts Q3 profit of A$1.8bn and pro forma CET1 of 12.3%, setting up a probable November FY26 buyback as mortgage volumes drop 20% since May.
Westpac shares run 3.1% as HY26 result and dividend chase fuel WBC bid
Westpac just delivered A$3.4bn profit and a 77c franked dividend. Brokers are still split between A$31 and A$40. The market has picked a side.