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Westpac - Latest News [Page 4]
Jobs Plentiful For Now, But The Outlook For Jobs And Earnings Dims.
Thursday, 23 June 2022, 9:02 am | Westpac
Westpac McDermott Miller Employment Confidence, June quarter 2022 The Westpac McDermott Miller Employment Confidence Index fell 5 points in the June quarter to a level of 108.5. This was the first fall in employment confidence since June 2020, when the ... More >>
Consumer Confidence Plummets To Record Lows As Financial Pressures Mount
Tuesday, 21 June 2022, 9:47 am | Westpac
The Westpac McDermott Miller Consumer Confidence Index dropped sharply in the June quarter, falling 13 points to a level of 78.7. That’s the lowest level recorded since the survey began in 1988, and indicates that there are far more New Zealanders ... More >>
Westpac Regional Roundup, June 2022
Friday, 17 June 2022, 5:31 am | Westpac
With agricultural incomes set to remain firm, regions with a rural backbone should continue to outperform their big city counterparts. Regions that depend on international tourism are also expected to close the performance gap on the pack, according to ... More >>
David Green Appointed To Westpac NZ Board
Friday, 3 June 2022, 10:23 am | Westpac
The Board of Westpac New Zealand has announced the appointment of David Green as an independent non-executive director, effective 7 June 2022. Mr Green worked for 14 years at ANZ Group and most recently held the role of Singapore CEO and Head of ... More >>
Westpac NZ Welcomes Findings Of Liquidity Risk Report
Monday, 30 May 2022, 9:47 am | Westpac
Westpac NZ welcomes the findings of an independent review by Deloitte into the bank’s liquidity risk controls and risk culture, and says it is concentrating on completing remaining actions. Deloitte’s report was released by the Reserve Bank of New Zealand ... More >>
Westpac New Zealand Lifts Cash Earnings, Supports Customers
Monday, 9 May 2022, 9:50 am | Westpac
Westpac New Zealand (Westpac NZ) has increased cash earnings by 9% for the six months ended 31 March 2022, compared with the same period last year, as it continues to support households and business More >>
New Zealand’s Professional Services Sector On The Cusp Of Big Changes
Friday, 6 May 2022, 5:41 am | Westpac
While firming economic activity should be good news for professional services over the coming year, the sector is likely to face significant disruption thereafter, according to new research from Westpac NZ’s economic team. Westpac NZ Industry ... More >>
New Zealanders Confident They Can Cope With Rising Prices, Survey Finds
Friday, 8 April 2022, 6:22 am | Westpac
More than two-thirds of New Zealanders are confident they can cope with rises in the cost of living and more than half are already taking positive steps to manage their finances, according to new research from Westpac NZ. A survey of more than ... More >>
Jobs Are Plentiful, But Earnings Not Keeping Pace With Inflation
Thursday, 24 March 2022, 10:09 am | Westpac
The Westpac McDermott Miller Employment Confidence Index rose 6.6 points in the March quarter to a level of 113.5. This is the highest reading for the index since June 2019. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise ... More >>
Consumer Confidence Has Continued To Drop As The Pressure On Households’ Finances Has Mounted
Tuesday, 22 March 2022, 9:48 am | Westpac
Westpac McDermott Miller Consumer Confidence, March quarter 2022 Consumer confidence has continued to drop and is now at its lowest level since the 2008 Global Financial Crisis. The Westpac McDermott Miller Consumer Confidence Index fell 7 points in March More >>
Westpac Completes Sale Of New Zealand Life Insurance Business To Fidelity Life
Monday, 28 February 2022, 7:04 pm | Westpac
Westpac Group has today announced it has completed the sale of its New Zealand life insurance business, Westpac Life, to New Zealand’s largest locally owned life insurer, Fidelity Life, for NZ$400 million. As part of the sale, Westpac Life has been renamed ... More >>
Westpac Economic Overview, February 2022 – The Bill Comes Due
Tuesday, 22 February 2022, 6:38 am | Westpac
Westpac’s latest Economic Overview shows that New Zealand has continued to benefit from its strong economic and health response to Covid-19. But the price of that success is becoming apparent, with capacity constraints and higher inflation likely to be ... More >>
More Kiwi Homeowners Putting Extra Money On The Mortgage
Friday, 18 February 2022, 7:57 am | Westpac
A majority of Kiwi households with mortgages are financially better positioned than a year ago to cope with the twin strains of Omicron and rising interest rates, according to Westpac NZ data. 68.1% of Westpac’s home loan customers were ahead on mortgage ... More >>
Survey Sheds Light On New Zealanders’ Housing Dreams For 2022
Wednesday, 9 February 2022, 6:41 am | Westpac
New Zealanders want bigger houses and better lifestyles, and some are ready for a move out of the city, according to new research from Westpac NZ. The survey of more than 1,300 Westpac customers found the COVID-19 pandemic has forced ... More >>
More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued
Thursday, 20 January 2022, 2:11 pm | Westpac
Westpac McDermott Miller Employment Confidence, December quarter 2021 The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 ... More >>
Westpac NZ Welcomes Two New Executives
Monday, 20 December 2021, 1:29 pm | Westpac
Westpac NZ has announced the appointment of Tania O’Brien to the role of Chief Financial Officer and Martin Gaskell to the role of Chief Transformation Officer. Westpac NZ Chief Executive Catherine McGrath said Ms O’Brien and Mr Gaskell would ... More >>
Westpac McDermott Miller Consumer Confidence, December Quarter 2021
Monday, 20 December 2021, 10:44 am | Westpac
The Westpac McDermott Miller Consumer Confidence Index took another step down in December, dropping 3.6 points to a level of 99.1. An index number below 100 indicates that there are more New Zealanders who are pessimistic about the economic environment ... More >>
Westpac New Zealand Announces Solid Financial Result
Monday, 1 November 2021, 9:57 am | Westpac
Strong momentum in the economy has contributed to a solid full year financial result for Westpac New Zealand (Westpac NZ) [i] . Acting Chief Executive Simon Power said COVID-19 was causing significant strain and uncertainty for parts of the community ... More >>
Māori Economy Faces Obstacles And Opportunities For Growth, Report Finds
Wednesday, 13 October 2021, 12:19 pm | Westpac
Māori businesses are growing in number but are underrepresented within Aotearoa’s economy and face barriers to growth, according to research commissioned by Westpac NZ and authored by BERL and OpinioNative. Speaking at an APEC 2021 Live with Business ... More >>
Westpac NZ Gives Staff Extra Five Days Of Leave For Wellbeing
Friday, 8 October 2021, 7:29 am | Westpac
Employees at Westpac NZ are being given five days of Wellbeing Leave every year as a way to help them look after themselves and their families. More than 4500 employees will benefit from the change, which has been introduced alongside increased entitlements ... More >>
