The Westpac Banking Corporation Essay

The Westpac Banking Corporation Essay

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The Westpac Banking Corporation are facing tough decisions and will need to find a way to right the ship. Over a five-year period beginning in the 2010-2011 reporting period, they have experienced a negative compound annual growth rate that is annualised at -1.8%.

They have seen stock plummet from roughly $35 in 2013 down to its current amount near $24. They are still a very profitable company, but relative to last year, profits fell close to 7%. How can they adjust the pricing strategy in retail banking to continue to offset and outpace the profit slowdown being seen on the business banking side?

For my recommendations, I will be holding true to the phrase “keep it simple, stupid” (more for me than anyone else). In consumer banking (retail banking), the major products offered are bank accounts, home loans, personal loans, and credit cards. Under each one of these types of banking are multiple products and services, but for the sake of these recommendations we will keep it high level.

The primary purpose for consumers to start a bank account is for their peace of mind in knowing...

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The Westpac Banking Corporation Essay

- The Westpac Banking Corporation are facing tough decisions and will need to find a way to right the ship. Over a five-year period beginning in the 2010-2011 reporting period, they have experienced a negative compound annual growth rate that is annualised at -1.8%. They have seen stock plummet from roughly $35 in 2013 down to its current amount near $24. They are still a very profitable company, but relative to last year, profits fell close to 7%. How can they adjust the pricing strategy in retail banking to continue to offset and outpace the profit slowdown being seen on the business banking side....   [tags: Bank, Banking, Money, Interest]

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