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WESTPAC (satellite)
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed to Westpac Banking Corporation. Westpac is one of Australia's Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific". As of 2021, Westpac has 14 million customers worldwide, and employs around 40,000 people. History Established in Sydney in 1817, the Bank of New South Wales (BNSW) was the first bank in Australia. Edward Smith Hall was its first cashier and secretary. During the 19th and early 20th century, BNSW opened branches first throughout Australia and Oceania: at Moreton Bay (Brisbane) in 1850; in Victoria in 1851; in New Zealand in 1861; in South Australia in 1877; in Western Australia in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westpac Place
Westpac Place is a commercial skyscraper located in the north-western corridor of the Sydney central business district, Australia. The building is the bank's Australian headquarters. The building was built for the Westpac Office Trust, being included in the sale of the trust to Mirvac in 2010. In July 2014, Mirvac sold a 50% share in the building to Blackstone Real Estate Asia. Opening Westpac Place was officially opened by Prime Minister John Howard on 4 August 2006, marking the completion of the project developed by Leighton Properties. Leighton Properties Architecture [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Banking
Private banking is banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs)—defined as those with very high levels of income or sizable assets. A bank that specializes in private banking is called a private bank. Private banking is a more exclusive subset of wealth management, geared toward exceptionally affluent clients. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually provided via dedicated bank advisers. At least until recently, it largely consisted of banking services (deposit taking and payments), discretionary asset management, brokerage, limited tax advisory services and some basic concierge-type services, offered by a single designated relationship manager. History Private banking is how banking originated. The first banks in Venice were focused on managing personal finance for wealthy families. Private ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Smith Hall
Edward Smith Hall (28 March 1786 – 18 September 1860)M. J. B. Kenny,Hall, Edward Smith (1786–1860), ''Australian Dictionary of Biography'', Volume 1, MUP, 1966. Accessed 27 May 2012 was a political reformer, newspaper editor and banker in colonial New South Wales. Hall was born in London, one of six sons of Smith Hall, bank manager, and his wife, Jane ''née'' Drewry. Hall grew up in Lincolnshire, had a good education and as a young man was interested in social and religious work, which probably brought him under the notice of William Wilberforce. Hall travelled in the ''Friends'' and arrived at Sydney on 10 October 1811 with a letter from Robert Peel, under-secretary of state, which asked that assistance in settling should be given Hall, and stated that he had been strongly recommended by Wilberforce and others. Hall was given a grant of land, but in October 1814 Macquarie mentioned that he had "commenced merchant at Sydney", and he was associated in this year with Simeon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portmanteau
A portmanteau word, or portmanteau (, ) is a blend of wordsGarner's Modern American Usage , p. 644. in which parts of multiple words are combined into a new word, as in ''smog'', coined by blending ''smoke'' and ''fog'', or ''motel'', from ''motor'' and ''hotel''. In , a portmanteau is a single morph that is analyzed as representing two (or more) underlying morphemes. When portmanteaus shorten established [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Four (banks)
The Big Four (or Big 4) is the colloquial name given to the four main banks in several countries where the banking industry is dominated by just four institutions and where the phrase has thus gained relevance. Some countries include more or less institutions in such rankings, leading to other names such as Big Three, Big Five, or Big Six. International use Internationally, the term "Big Four Banks" has traditionally referred to the following central banks: * The Bank of England * The Federal Reserve * The Bank of Japan * The European Central Bank Australia In Australia, the "big four banks" refers to the four largest banks who have traditionally dominated Australia's banking industry in terms of market share, revenue and total assets. The "big four banks" of Australia are: * Australia and New Zealand Banking Group * Commonwealth Bank (owned by the Australian Government until 1996) * National Australia Bank * Westpac A longstanding policy of the Federal Government in Aus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westpac
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed to Westpac Banking Corporation. Westpac is one of Australia's Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific". As of 2021, Westpac has 14 million customers worldwide, and employs around 40,000 people. History Established in Sydney in 1817, the Bank of New South Wales (BNSW) was the first bank in Australia. Edward Smith Hall was its first cashier and secretary. During the 19th and early 20th century, BNSW opened branches first throughout Australia and Oceania: at Moreton Bay (Brisbane) in 1850; in Victoria in 1851; in New Zealand in 1861; in South Australia in 1877; in Western Australi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Melbourne (2011)
Bank of Melbourne is a financial institution operating in Victoria, Australia. A subsidiary of the Westpac Group, it was re-established as a separate entity, and re-commenced operations on 25 July 2011. The "new" Bank of Melbourne initially rebadged the Victorian business of St.George Bank, another wholly owned subsidiary of Westpac, as part of a major local branding strategy. The customer-facing activities of the business operate independently of the Westpac Group. Westpac has owned Bank of Melbourne, and the rights to the brand, since its acquisition of the bank in 1997. History The RESI Statewide Building Society was granted a banking licence and established the Bank of Melbourne in July 1989, listing it on the Australian Stock Exchange on 13 July 1989. In 1996, the bank acquired the Victorian business of Challenge Bank from Westpac. On 3 April 1997, Westpac made a $1.43 billion bid to acquire the Bank of Melbourne; on 29 September 1997, holders of 96% of the ordinary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of South Australia
BankSA, formerly known as the Bank of South Australia, the State Bank of South Australia and the Savings Bank of South Australia is the largest bank in South Australia. It is a subsidiary of Westpac. History Bank SA, formerly known as The Bank of South Australia is a full service bank and private financial services provider offering: personal, business and corporate banking. Initially established as a savings deposit bank on March 11 1848 in South Australia (BankSA, 2021), it has a long-standing independent history serving mostly rural clients in the South Australia and Victoria fringes. Beginning as a sole employee company, John Hector, the founding employee, established the bank's deposit book in the original offices in Gawler Place, Adelaide (Ibid). BankSA has undergone significant transformation, initially being acquired by St George Bank and later becoming a division of Westpac Banking Corporation in 2008 by their merger. Legal structure BankSA is a wholly owned entity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
St George Bank
St.George Bank is an Australian bank with its headquarters in Sydney. Since a 2008 merger, the bank has been part of Westpac, having previously been an independent legal entity. In 2010, St.George was deregistered as a company and ceased to be a standalone authorised deposit-taking institution. The bank provides services primarily in New South Wales, but with growing representation across a number of industry and business segments in Queensland and Western Australia, and in Victoria before the relaunch of the Bank of Melbourne brand in July 2011 (also another division of Westpac). St.George also operates in South Australia and the Northern Territory under its subsidiary BankSA. The bank has a large number of retail branches and ATMs across Australia, and some back office operations in Bangalore, India. History Origins The current bank is the result of the merger and/or acquisition of a number of building societies and banks. The St.George Co-operative Building Society Ltd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Dollar
The Australian dollar ( sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. It is legal tender in Australia.''Reserve Bank Act 1959'', s.36(1) an ''Currency Act 1965'', s.16 Within Australia, it is almost always abbreviated with the ($), with A$ or AU$ sometimes used to distinguish it from other |
