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Australia Banks Shower Investors in Buybacks Amid Mortgage Fight

Australia Banks Shower Investors in Buybacks Amid Mortgage Fight
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Westpac Profit Hits Expectations, Lifts Buyback by $661 Million

Westpac Profit Hits Expectations, Lifts Buyback by $661 Million
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Westpac Sees Drop in Stressed Assets, Lower Australian Rates

Westpac Sees Drop in Stressed Assets, Lower Australian Rates
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Westpac Sees Drop in Stressed Assets, Lower Australian Rates

(Bloomberg) Westpac Banking Corp. saw a reduction in stressed assets as it reported profit for the quarter, with Chief Executive Officer Peter King noting that Australian interest rates will likely decrease over the coming year.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilTop Investors Share the Toughest Lesson

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Westpac Economist Evans Steps Back, Replaced by RBA's Ellis

(Bloomberg) Westpac Banking Corp.’s Bill Evans will switch out of the chief economist role he has held for more than 30 years and be replaced by Reserve Bank Assistant Governor Luci Ellis, in a significant change for both institutions.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionChina’s Flood of Plastic, Yellen Departs: Sunday Asi

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