Westpac Essays

Westpac is one of the most well-known national incorporated banks across Australia. They are now one of the Australia’s ‘big four’ banks with total assets valued at $839.2 billion (AUD), which is currently placed in the top ASX (Australian Security Exchange) 20 companies in Australia. Like many other banks, Westpac provides financial services for both consumers and especially businesses in the small-to-medium enterprises (SME) sector. This includes offering a wide range of insurance products as well

EXECUTIVE SUMMARY Westpac is one of the Australia’s great and oldest bank organizations which support a wide range of consumer, and business bank services and assistance services regarding wealth management. Westpac is operating in five customer-facing groups which includes Consumer Bank, Business Bank, BT Financial Group Australia, Westpac Institutional Bank and Westpac New Zealand. There are even other divisions in which Westpac operates that includes Treasury (deals with interest rate, funding

Westpac Strategies Internal Audit • Group Assurance is Westpac’s internal audit • Covers the governance, risk management and internal control frameworks of Westpac and our wholly owned subsidiaries • access to all of our entities, and conducts audits and reviews following a risk-based planning approach, the outline for which has been approved by the Board Audit Committee External Audit • Our external auditor is PricewaterhouseCoopers (PwC) • Provide an independent opinion that our financial reports

Batra 15897399 Executive Summary This business report is written to show how Westpac uses business intelligence strategies and tools for driving their business and to strengthen customer relationships. This report highlights what BI tools Westpac Banking team uses to perform business analytics About Westpac Westpac is one of the four main banking organisations in Australia and one of the biggest bank in New Zealand. Westpac provides wide range of banking and financial services in Australia and New

Hi everyone, I am going to talk about Westpac with ESG disclosure Westpac group/’s portfolio of financial services brands /and business is focused on our vision to be /one of the world great service companies, Environmental sector, Westpac continues/ to reduce the direct environmental footprint of our operations with a focus on/ reducing energy, /paper, /water and waste. From 2012 to 2014, we met our energy efficiency target, achieving reduction of 2% /in our energy use per square /meter across

In Australia, there are four biggest banks such as Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), Westpac Banking Corporation (Westpac), and Australia and New Zealand Banking Group (ANZ) which hold more than eighty percent of loans. Westpac, the oldest bank among the big four banks in Australia, currently faces the regulatory capital requirements by reserve bank of Australia, competitive environment and raised criticism of how clients have been treated. In order to response

An employee must not damage the employer’s business due to disclosure employer’s information during the period of employment; Gooley v Westpac Banking Corp. In contrast, an employee may suffer from physically and emotionally damage due to the breach of duty by an employer: Malik and Mahmud v Bank of Credit and Commerce International SA; Burazin v Blacktown City Guardian Pty Ltd. In Thomson

confidence • changes in economic conditions, consumer spending, saving and borrowing habits in Australia, New Zealand and in other countries in which Westpac or its customers or counterparties conduct their operations and our ability to maintain or to increase market share and control expenses; • geographic competitors in the business areas in which Westpac conducts its operations; • reliability and security of Westpac’s technology and risks associated with changes to technology systems information

Company Overview Westpac is considered as one of the four “Big Banks” of Australia. It is the second largest bank by market capitalization and is the first bank founded in Australia in the year 1817. It offers a large portfolio of banking and financial services to its customers. Its vision is ‘To be one of the world’s great companies, helping our customers, communities and people to prosper and grow’. To achieve its vision it implements a customer-focussed and sustainable strategy. [1] SWOT ANALYSIS 

Subsidiaries Westpac provides a wide range of banking and financial services to over 13 million consumers, businesses and institutions across the core markets of Australia and New Zealand while maintaining a presence in key markets in the United States, Asia and the Pacific. Westpac’s principal foreign subsidiaries offering a variety of services from private to commercial banking and other financial services include Westpac New Zealand, Westpac Asia, Westpac Pacific Banking, Westpac Institutional

As it can be seen, Westpac implements a Sustainability Balanced Scorecard (SBSC) integrating financial, environment and social dimensions into their organisation model and strategies. In addition, to address the issues identified under the three sustainability strategies, Westpac has developed ten objectives: (Appendix 1: Sustainability Objectives and Scorecard 2012) Societal change 1. Ensure our workforce

across all Australian banks by non-customers last financial year, this means that $500 million dollars were made over the course of one financial year (Hawk 2017). CBA began the decision to ditch ATM fees charged to customers of other institutions, Westpac Banking Corporation taking the leap soon after, with Australia and New Zealand Banking Group Limited (ANZ) right behind them. National Australia Bank (NAB) was the last of the big four

interest, the economic or political importance/ influence of entity, and the financial characteristics of entity. The greater extent of above characteristics, the greater possibility of dependent users. Kosta Bros arranged large debt arrangements with Westpac Bank and Commonwealth, and it had considerable asset then, therefore the financial characteristics can be

In the next few paragraphs I will be talking about The Commonwealth Bank, an Australian company that has gone into a foreign market. Any business faces challenges that I will be highlighting and also the challenges that The Commonwealth Bank faced. I will also highlight the points that The Commonwealth Bank benefited from. The Commonwealth Bank is Australia's driving supplier of financial services and related administrations including retail banking, premium keeping money, business banking, institutional

1. INTRODUCTION Australia Post is a commercial government owned company which is responsible conducting country’s biggest physical chain. It offers mail services, retail product and financial services like bill payment and banking via its retail network. Its comprehensive services portfolio is further complemented by offerings such as logistics, fulfillment, direct marketing and database management. It is mostly visible in Australia for its provision of national and international postal delivery

On the seventh of February 2009, the Black Saturday Bushfire burnt across the state of Victoria. The most devastating bushfire in the Australian history. It is considered to be one of the deadliest fires to burn in Australia as it managed to burn down over 4500-square-kilometres of land, destroy 2029 homes, kill 173 people, injure 5000 people and kill thousands of animals. Individuals, groups and government stood together to help the victims in any possible way. They did so by donating money individually

Sydney city district in streets that are known today as George Street, Macquarie Place and Macquarie Street. Mary’s great achievements during her business life include when she was one of the people that founded the bank of NSW, which today is called Westpac and another accomplishment was in 1825 when she was announced as one of the governors of the Sydney Grammar school which is now known as the Sydney boy’s grammar school. Mary also participated in Charity works and she also took interest in the Anglican

“Assess the effectiveness of legal and non-legal measures in achieving justice for consumers.” Altogether, legal and non-legal responses have been reasonably effective in achieving justice for consumers. There is an imperative need for consumer protection due to the recognition that buyers and sellers do not meet on equal terms – customers are frequently relying on the virtue and expertise of sellers and manufacturers, therefore, there is often an imbalance of power in which the consumer can be exploited

To achieve their vision of becoming Australia and New Zealand’s most respected bank, National Australia Bank’s (NAB) approach to Corporate Responsibility is to make a positive and sustainable impact on the lives of what they refer to as their people, customers, communities and the environment in which they operate by tackling some of the biggest societal issues faced by the customers. (NAB, 2017). The corporate responsibility strategy is aligned to their core business whilst focusing on the issues

The Commonwealth Bank of Australia (CBA) is one of the biggest banks in Australia with nationally having over 4300 ATM’s, 3700 Australian post agencies and 1100 branches resulting in the CBA operating the largest of financial services distribution network in the country. The CBA also have over 4.6 million online customers and are the first bank in Australia along with one of the first few banks in the world to be able to transact at any hour in real time. The CBA was established in 1911 by an act