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Westpac
Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation in 1982. Westpac is one of Australia's Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific". As of 2024 Westpac has 13 million customers worldwide, and employs around 35,000 people. In 2022 Westpac held the 53rd position in the "Top 1000 World Banks". History In 1982 Westpac Banking Corporation was formed by the merger of the Bank of New South Wales and the Commercial Bank of Australia. The new name, Westpac, was a portmanteau reflecting its mission of becoming a significant Western Pacific bank. The brand name incorporated the "W" that had been the logo of the Bank of New South Wale ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Melbourne (2011)
The Bank of Melbourne is a financial institution operating in Victoria, Australia. A subsidiary of Westpac, it commenced operations on 25 July 2011. The Bank of Melbourne initially rebadged the Victorian business of St George Bank, another wholly owned subsidiary of Westpac, as part of a major local branding strategy. The customer-facing activities of the business operate independently of Westpac. Westpac has owned the Bank of Melbourne, and the rights to the brand, since its acquisition of the bank in 1997. History The RESI Statewide Building Society was granted a banking licence and established the Bank of Melbourne in July 1989, listing it on the Australian Securities Exchange on 13 July 1989. In November 1996, the bank acquired the Victorian business of Challenge Bank from Westpac. On 3 April 1997, Westpac made a $1.43 billion bid to acquire the Bank of Melbourne; on 29 September 1997, holders of 96% of the ordinary shares of the Bank of Melbourne voted to approve the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
St George Bank
St.George Bank is an Australian bank with its headquarters in Sydney. Since a 2008 merger, the bank has been part of Westpac, having previously been an independent legal entity. In 2010, St.George was deregistered as a company and ceased to be a standalone authorised deposit-taking institution. The bank provides services primarily in New South Wales and the Australian Capital Territory, but with growing representation across a number of industry and business segments in Queensland and Western Australia, and in Victoria before the relaunch of the Bank of Melbourne (2011) brand in July 2011 (also another division of Westpac). St.George also operates in South Australia and the Northern Territory under its subsidiary BankSA. The bank has a large number of retail branches and ATMs across Australia, and some back office operations in Bangalore, India. History Origins The current bank is the result of the merger and/or acquisition of a number of building societies and banks. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westpac Place
Westpac Place is a commercial skyscraper located in the north-western corridor of the Sydney central business district, Australia. The building is the bank's Australian headquarters. The building was built for the Westpac Office Trust, being included in the sale of the trust to Mirvac in 2010. In July 2014, Mirvac sold a 50% share in the building to Blackstone Real Estate Asia. Opening Westpac Place was officially opened by Prime Minister of Australia, Prime Minister John Howard on 4 August 2006, marking the completion of the project developed by CIMIC Group#Leighton Properties, Leighton Properties. Leighton Properties Architecture [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of New South Wales
The Bank of New South Wales (BNSW), also known as The Wales, was the first bank in Australia. It was established in 1817 in Sydney. During the 19th century, the bank opened branches throughout Australia and New Zealand, expanding into Oceania in the 20th century. Throughout it history it merged with and purchased many other financial institutions. In 1981 it merged with the Commercial Bank of Australia and was renamed Westpac on 4 May 1982. History Established in 1817 in Macquarie Place, Sydney premises leased from Mary Reibey, the Bank of New South Wales (BNSW) was the first bank in Australia. It was established under the economic regime of Governor of New South Wales, Governor Lachlan Macquarie (responsible for transitioning the penal settlement of Sydney into a capitalist economy). At the time, the colony of Sydney had not been supplied with currency, instead barter and promissory notes was the payment method of choice. Governor Macquarie himself used cattle and rum as pay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of South Australia
BankSA, formerly known as the Bank of South Australia, the State Bank of South Australia and the Savings Bank of South Australia is the largest bank in South Australia. It is a subsidiary of Westpac. History The Savings Bank of South Australia was established in the colony of South Australia on 11 March 1848 by sole employee John Hector.The first deposit comprised the life savings of an Afghan shepherd. The first premier of the colony, B. T. Finniss, was a trustee of the bank's inaugural board, and F. H. Robe, Lieutenant Governor of the colony, was president of the bank. The Savings Bank of South Australia later merged with the former State Bank of South Australia (established 1896), becoming the new State Bank, owned by the Government of South Australia, in 1984. The State Bank of South Australia was compartmentalised and bought by The Advance Bank due to deteriorating loan book and financial management. Prior to a bailout by the Government of South Australis, the S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John McFarlane
John McFarlane OBE (born 14 June 1947) is a British businessman. He served as group chairman of Barclays from 2015 to 2019. From 2020 to 2023, McFarlane served as Chairman of Westpac. Early life He was born in Dumfries and attended Dumfries Academy. He was educated at the University of Edinburgh, Cranfield and the London Business School. Career He began his career in manufacturing with Ford of Europe in 1969, subsequently having a career in banking. He spent eighteen years with Citibank, ultimately as head of Citibank in Ireland and the United Kingdom. In 1993, he became Group Executive Director of Standard Chartered Plc. based in London and Hong Kong. He was chief executive of the Australia and New Zealand Banking Group Ltd. (ANZ), one of Australia's leading banks, after a decade of service, during which time he turned around the financial performance of the bank, and spearheaded an effort, called "Breakout", to transform the Bank. He retired in 2007. In October 2008, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Four (banks)
The Big Four (or Big 4) is the colloquial name given to the four main banks in several countries where the banking industry is dominated by just four institutions and where the phrase has thus gained relevance. Some countries include more or fewer institutions in such rankings, leading to other names such as Big Three, Big Five, or Big Six. International use Internationally, the term "Big Four Banks" has traditionally referred to the following central banks: Australia In Australia, the "big four banks" refers to the four largest banks that have historically dominated Australia's banking industry in terms of market share, revenue, and total assets. The "big four banks" of Australia are: A longstanding policy of the federal government in Australia has been to maintain this status quo, called the four pillars policy. The policy has been maintained through the Global Recession of 2008–09, as Westpac acquired St George Bank and the Commonwealth Bank acquired Bankwe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Australia
The Commercial Bank of Australia Limited (CBA) was an Australian and New Zealand retail bank which operated from 1866 until it merged with the Bank of New South Wales, which was established in 1817, to form the Westpac Banking Corporation in 1982. History The first prospectus of the Commercial Bank of Australia was published on 16 March 1866. The initial capital was £500,000 in fifty thousand shares at £10 each. The first chairman of the bank's board of directors was Gideon S. Lang. In addition to Gideon Lang, the first directors were John Mackenzie, Thomas Mitchell and L. J. Sherrard.History of the Bank ''The Australasian'' (Melbourne), 8 April 1893, page 25. A provisional committee was made up of the four directors plus Mars Buckley, W. A. Broadribb, Thomas Cherry, James Copeland, [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Dollar
The Australian dollar (currency sign, sign: $; ISO 4217, code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar, dollar-denominated currencies; and also referred to as the dollar or Aussie dollar) is the official currency and Legal tender#Australia, legal tender of Australia, including States and territories of Australia, all of its external territories, and three independent sovereign Pacific Islands, Pacific Island states: Kiribati, Nauru, and Tuvalu. * ThMoney Trackersite allows users to track Australian banknotes as they circulate around Australia. Images of historic and modern Australian bank notes* [https://www.rba.gov.au/statistics/historical-data.html?v=2022-09-25-02-11-35#exchange-rates Reserve Bank of Australia – historical data of AUD since 1969 (various .xls files)] The banknotes of Australia {{Authority control 1966 establishments in Australia Articles containing video clips Circulating currencies Currencies int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Tuvalu
The National Bank of Tuvalu (NBT) is the sole provider of banking services in Tuvalu. These services include taking deposits, making loans, and engaging in foreign exchange transactions. In 2020, its assets were AUD$128 million, or 160% of the country's GDP. There is no monetary authority or central bank in Tuvalu. The NBT performs some monetary functions for the government, including holding government accounts and foreign assets. The NBT is the only institution in Tuvalu that offers foreign exchange transactions. It buys and sells foreign exchange at rates determined by its board, which considers the rates quoted in the international markets. The NBT cashes traveller's cheques. There are no credit card facilities or ATMs available in Tuvalu. The Tuvaluan dollar is not an independent currency but a variation of the Australian dollar. Tuvalu began issuing its own coins in 1976, which circulate alongside Australian coins, and it continues to use Australian banknotes. Establis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P/NZX 50
The S&P/NZX 50 Index is the main stock market index in New Zealand. It comprises the 50 biggest stocks by free-float market capitalisation trading on the New Zealand Stock Market (NZSX). The calculation of the free-float capitalisation excludes blocks of shares greater than 20% and blocks between 5% and 20% that are considered strategic. The index was introduced as the NZSX 50 Index in March 2003 and replaced the NZSE 40 Index as the headline index. It was renamed the NZX 50 Index in late 2005. The NZSE 40 Capital Index replaced the Barclays index in 1992, although the Barclays index is still compiled by the NZX but not made widely available. In 2015, the index was renamed to S&P/NZX 50 Index reflecting a 'strategic partnership' between NZX and S&P Dow Jones Indices (S&P DJI). As part of the partnership, S&P DJI has assumed responsibility for calculating, publishing distributing all NZX indices. Constituents See also * List of companies of New Zealand - includes older l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
