Westpac and Commonwealth Bank are facing application declines due to market trends, with CBA's CEO commenting on the situation.

The entities involved

• Westpac →

  Australian bank and financial-services provider

  • Mark Smith commented on the NZ milk price lag, while Westpac economists analyzed increases in household prices in New Zealand.Mon 00:07
  • Westpac merged with Commercial Bank of Australia, which was founded as Bank of New South Wales, becoming one of Australia's largest financial institutions.Sat 00:44
• Commonwealth Bank →

  Australian multinational bank

  • ATO investigation highlights financial sector scrutiny, involving entities such as Commonwealth Bank.Mon 04:23
  • ANZ posted losses amid sector weakness, while bank shares declined due to domestic economic caution and monetary policy outlook.Mon 04:22

Related events

• Housing prices fell in Melbourne and Sydney, concurrent with Jarden analyst comments on Commonwealth Bank's lending practices.Aug 12
• Commonwealth Bank forecasts a national economic decline that is expected to affect local markets in Ballarat.Sep 4
• CBA views unemployment trends needed by RBA, forecasting Australian employment growth while RBA hike expectations affect the Australian dollar.Sep 23
• Commonwealth Bank projects a cyclical economic slowdown and closely monitors inflation data in the Australian economy.Sep 9
• Banks are competing and influencing retail interest rates.Jul 10