Westpac Banking Corporation

Westpac’s polished Anthony Miller and NAB’s candid Andrew Irvine may have contrasting styles, but their banks are facing similar challenges.

The big four bank is also tilting towards investor loans and shifting away from mortgage brokers to its own sales channels to expand its margins.

After a year laying the groundwork, Westpac’s Anthony Miller faces the test: can his billion-dollar tech overhaul deliver growth amid shrinking margins?

Westpac warns that cutting interchange fees will raise costs for consumers and give global tech firms a free ride. Instead, it wants a regulated 30bps cap for small merchants.

The big banks have moved rapidly to use AI assistants but they will need the best talent and governance structures to take things to the next level, according to a top consultant.

Commonwealth Bank CEO Matt Comyn's success in building a strong team inevitably means they will be targeted by rivals, given only one can eventually become chief executive.

Westpac has poached CBA's Andrew McMullan to become its new chief data, digital and AI officer, as CEO Anthony Miller reshapes the bank’s top ranks with rival talent.

The move signals CEO Anthony Miller’s push to sharpen Westpac’s customer focus, as banks renew efforts to rebuild trust after the Royal Commission.

For a new chief executive, Anthony Miller delivered a very unsurprising Westpac half, with modest numbers and a positive slant on the outlook for banks.

Politics keeps banks tied to branch networks, but consultants Kearney argue they could do far more to offset costs and boost mortgage sales.

The massive wave of post-Hayne remediation may be complete, but banks continue to grapple with new issues — costing valuable time and hundreds of millions of dollars.

Long-term bank investors seem untroubled by scandals in the industry, whether it be royal commissions, money laundering, management ructions or regulatory penalties.

ANZ announced today that incoming CEO Nuno Matos will start early. He joins at a critical stage for tech transformation in banking, with Westpac and CBA both accelerating their own projects.

The recent flurry of management changes at Australia's big banks feeds into the regulator's desire to have more oversight of board and executive appointments and succession planning.

As the push to harness generative AI continues, Australian banks are turning to AI agents to amplify its benefits — though not all are moving at the same pace.

Australia's biggest banks are increasingly looking outside their own walls to fill the most senior roles. That's not how it's supposed to work.

Westpac has poached National Australia Bank's CFO, triggering a wave of executive changes at a time when NAB is under pressure in business banking.