trending Market Intelligence /marketintelligence/en/news-insights/trending/dWq8RWXIxaBScDUAakBfRQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Westpac flags A$341M hit to fiscal H2 cash earnings due to customer remediation

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Westpac flags A$341M hit to fiscal H2 cash earnings due to customer remediation

Westpac Banking Corp. expects its cash earnings in the fiscal second half of 2019 to be reduced by an estimated A$341 million provisions for customer refunds, payments and litigation related to its misconduct in financial advisory services.

It was down from A$617 million booked in the fiscal first half ended March 30, the bank said Oct. 23.

The bank added 72% of the second-half provisions, or so-called the customer remediation programs, are related to customer payments.

In the six months ended Sept. 30, remediation related to its wealth management business totaled A$36 million, down from A$136 million in the fiscal first-half.

Westpac is set to announce its fiscal full-year results on Nov. 4.