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Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer Bank, Business Bank, BT Financial Group (Australia), Westpac Institutional Bank, Westpac New Zealand and Group Businesses. Read More The Consumer Bank segment covers consumer banking products and services under the Westpac, St. George, BankSA, Bank of Melbourne and RAMS brands. The Business Bank segment involves in sales and customer service of small-to-medium enterprise, commercial and agribusiness customers under the Westpac, St.George, Bank of Melbourne and BankSA brands. The BT Financial Group (Australia) segment manages wealth and insurance division. The Westpac Institutional Bank segment delivers a range of financial services to commercial, corporate, institutional, and government customers. The Westpac New Zealand segment comprises sales and service of banking, wealth, and insurance products for consumer, business, and institutional customers. The Group Businesses segment treasury which is responsible for the management of the Group's balance sheet, group technology which includes functions for the Australian businesses, and core support which covers functions performed centrally, including Australian banking operations, property services, strategy, finance, risk, compliance, legal, human resources, and customer and corporate relations. The company was founded in 1817 and is headquartered in Sydney, Australia.
Sydney, New South Wales (NSW)
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New York TimesJul 3
Factbox: Growing List of Australian Companies Underpaying Staff
(Reuters) - Some of Australia's biggest companies have been caught up in underpayment scandals, prompting the federal government to say it would introduce tough
Australia's Westpac to pay $5.5 million for staff underpayment, cites calculation errors
FILE PHOTO: An office building with the logo of Westpac Banking Corp is seen in the central business district of Sydney, Australia, June 3, 2020. REUTERS/Loren