Westpac to end relationship with Nauru government

RNZ International understands the Australian bank has written to the country's government asking to end their years-long relationship over several concerns about the use of the accounts.

The decision will not affect regular cutomers who make banking transactions to Nauru.

UFC star Mark Hunt takes down Westpac over fees

The mixed martial arts star was disgusted to learn he had lost more than $20,000 when the bank closed an account unexpectedly.

After giving Westpac a piece of his mind over the telephone, he also took to Twitter to express his anger, with many of the tweets too explicit to print. 

BSP remain committed to acquire Westpac bank in Solomon Islands

Bank of South Pacific (BSP) is working closely with the Central Bank of Solomon Islands (CBSI) to obtain the necessary approvals and discussions with the CBSI have been positive and have well-progressed.

This was revealed in a statement by BSP Group chairman Kostas Constantinou.

He says BSP is confident for a positive conclusion of the new application that is before the CBSI to allow the transaction to proceed shortly thereafter.