Australia & Westpac
12 shared events · Importance 4 · Last updated Aug 24, 2026
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Business
Australia: The Australian market was impacted by banking sector weakness and awaited the RBA's policy decision.
Westpac: Westpac's quarterly update revealed weaker mortgage demand and a forecast of halved investor housing credit growth, causing its shares to drop over 5% and dragging the financial sector.
Aug 09, 2026 · 7 articles
Domestic
Australia: Australia's economy expanded less than expected in Q1 2026, and its services and composite PMI slipped into contraction, indicating a slowdown in economic growth.
Westpac: Westpac experienced declines and gains, indicating mixed performance within the banking sector.
May 18, 2026 · 69 articles
Business
Australia: Australia is the central entity, announcing workforce cuts of 5% and facing revenue decline and reputational damage from the audit scandal. The firm is restructuring and rebuilding trust.
Westpac: Westpac was a target of audit bids where confidential information was allegedly used, making it a client affected by the scandal.
Aug 24, 2026 · 20 articles
Regulatory
Australia: Australia becomes the first Asia-Pacific market where Revolut operates a fully licensed bank, increasing competition in the banking sector and potentially benefiting consumers.
Westpac: Westpac, part of the Big Four, will compete with Revolut for deposits and lending customers.
Jul 21, 2026 · 6 articles
Regulatory
Australia: Government has barred KPMG from federal contracts and is conducting investigations.
Westpac: Client targeted by KPMG using confidential data to win audit work.
Jul 30, 2026 · 6 articles
Business
Australia: Australia's CEO and head of audit resigned due to shortcomings in handling whistleblower complaints, leading to reputational damage and increased scrutiny from regulators. This event highlights internal control failures and a lack of transparency within the firm.
Westpac: Westpac is a client of Australia, and while not directly impacted by the resignations, the scandal could raise concerns about audit quality for its clients.
May 28, 2026 · 8 articles
Business
Australia: Australia's S&P/ASX 200 picked up, but lagged regional gains due to mixed economic data, including an unexpected decline in employment and a rise in unemployment.
Westpac: Westpac analysts provided commentary on market reactions to President Trump's statements regarding Iran, reflecting their role in market analysis.
May 20, 2026 · 72 articles
International
Australia: Australia experienced fuel rationing due to supply disruptions, affecting its economy.
Westpac: Westpac shares fell.
Apr 08, 2026 · 416 articles
Regulatory
Australia: Australia's regulatory framework for derivatives reporting is being enforced, with ASIC taking action to ensure data accuracy for market monitoring.
Westpac: Westpac was previously fined for similar reporting failures under the old regime, serving as a precedent.
Jul 13, 2026 · 11 articles
International
Australia: Australia>>> joined a joint statement condemning Iran>>>'s attacks, demonstrating international diplomatic pressure.
Westpac: Westpac>>> analysts noted that financial markets shifted into a risk-off mode due to US-Iran conflict.
Apr 20, 2026 · 607 articles
International
Australia: Considering building domestic refining capacity in response to supply disruptions.
Westpac: Bank stock declined in Australian market.
Jul 31, 2026 · 335 articles
International
Australia: Australia — Australian dollar rose; NAB commented on oil prices.
Westpac: Analysts noted market sentiment supported by peace talks.
Jul 08, 2026 · 472 articles
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