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Institutional FX

Westpac Faces $83 Million Fine for Several Lapses

The bank charged services fees to over 11,800 deceased customers.
The judge said that the bank 'systemically' failed to address the lapses.

Friday, 22/04/2022 | 06:17 GMT by Arnab Shome

Executive Moves

Saxo Markets UK Adds Nicholas Wilcock and Michael Ridley to Its UK Board

Wilcock spent more than a quarter of a century at Credit Suisse.
Ridley has over forty years of experience in investment banking.

Tuesday, 11/01/2022 | 13:05 GMT by Tom Hazan

Institutional FX

Westpac Faces 6 Civil Penalty Charges from ASIC

The bank allegedly violated compliances for several years, affecting thousands of customers.

Tuesday, 30/11/2021 | 06:33 GMT by Arnab Shome

Executive Moves

GlobalBlock UK Recruits Rodney Prescott as Its Chief Technology Officer

Prescott brings a wealth of experience to GlobalBlock UK, specifically in blockchain, digital assets and banking.

Wednesday, 13/10/2021 | 09:45 GMT by Tom Hazan

Regulation

Court Approves AUSTRAC’s AU$1.3 Billion Fine on Westpac

This is the largest civil penalty faced by anyone in Australia.

Wednesday, 21/10/2020 | 06:42 GMT by Arnab Shome

Regulation

Westpac & AUSTRAC Agree on $1.3B Proposed Penalty for AML Breaches

If approved by the Federal Court of Australia, it will be the largest civil penalty in Australian history.

Thursday, 24/09/2020 | 04:22 GMT by Celeste Skinner

Executive Moves

Westpac Appoints Chris de Bruin as CEO for Consumer Division

Bruin joins the Australian bank from Deem, a non-bank financial institution in the Middle East.

Monday, 21/09/2020 | 05:52 GMT by Celeste Skinner

Executive Moves

New CFO at Westpac: Michael Rowland

He will replace Gary Thursday in his role later in the year.

Tuesday, 14/07/2020 | 09:53 GMT by Finance Magnates Staff

Executive Moves

Westpac: Chief Executive, Consumer and Chief Information Officer Leave

David Lindberg and Craig Bright exit the bank to take up new roles overseas

Tuesday, 19/05/2020 | 08:26 GMT by Finance Magnates Staff

Executive Moves

Christopher Dudley Joins Siege FX

He was a Global FX Core Business Manager at Bloomberg before

Monday, 04/05/2020 | 11:24 GMT by Finance Magnates Staff

Executive Moves

Westpac Names Peter King as CEO to Bring Clarity During COVID-19

King was previously the acting CEO of the Westpac Group.

Thursday, 02/04/2020 | 10:05 GMT by Celeste Skinner

Regulation

Westpac Facing Civil Penalty Over Non-Compliance Issues

AUSTRAC applied for civil penalty orders against the banking group following a series of lapses and oversights.

Wednesday, 20/11/2019 | 07:53 GMT by Jeff Patterson

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