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Westpac Banking Corporation

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Last year, banks enjoyed a ‘safe haven’ status in the market which saw their share prices surge. But this trend could reverse with likely successive rate cuts in 2025.

Rate cuts are on the horizon. Will it spell gloom for big banks?

Banks upheld their “safe haven” status in the market last year, and share prices surged – but could rate cuts reverse this trend and make it tougher for banks in 2025?

  • Cindy Yin

Latest

Banks have called out Facebook’s parent company, Meta, founded by Mark Zuckerberg, for shunning its responsibility in fighting scams.

‘Enough is enough’: Banks ramp up attack on tech giants over scams

Australian banks have called out Meta for enabling scammers to use its social media platforms to lure victims and facilitate money laundering.

  • Sumeyya Ilanbey
Banks can detect suspicious transactions from information such as how frequently a user is touching their screen.

Banks are tracking your every click. It could save you thousands

As banks fight back against scammers, changes as minor as how you move a mouse on a computer screen can be a clue to a suspicious transaction.

  • Clancy Yeates
An interrogation of 65 different credit card providers reveals clawbacks of various benefits over the past decade.

Why big banks will have a target on their back next year

Australia’s banking sector is in rude health as far as the public is concerned and that could potentially land it in trouble in an election year.

  • Sumeyya Ilanbey
ANZ Bank.

Activists keep pressure on big banks despite $10b cut in fossil fuel lending

An analysis of banks’ environmental, social and governance strategies comes as a deadline looms for businesses to provide climate transition plans to one bank or risk losing finance.

  • Sumeyya Ilanbey
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Taking questions from the flawed

Better than reviving the Gunpowder Plot.

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Great counter from Albo

It was stone-cold.

Westpac posts $7 billion profit, noting that hardship has peaked as borrowers adjust to high rates.

Westpac says hardship has peaked as borrowers adjust to high rates

The banking giant, which delivered a $7 billion profit and raised its dividend on Monday, says the economy is turning the corner.

  • Sumeyya Ilanbey
Westpac chief Peter King, ANZ chief Shayne Elliott and NAB chief Andrew Irvine will hand down their full-year results this week.

Banks tipped to rake in $30b as most borrowers weather interest rate storm

Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors, to be revealed this week.

  • Sumeyya Ilanbey
A tech glitch has charged CBA customers twice for some transactions.

CBA sorry after glitch drains some customer accounts

The bank said the issue was rectified Saturday afternoon, but not before a rash of online complaints from customers.

  • Caitlin Powell and Gemma Grant

Original URL: https://www.brisbanetimes.com.au/topic/wbc-1nw