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Westpac

From Westpac interest rates and credit cards to home loans, we have all the latest banking news.

UPDATEDBanking22 minutes ago

MELBOURNE AUSTRALIA - NewsWire Photos MAY 5, 2025: Westpac bank branch generic photo in Melbourne, Australia. Picture: NewsWire / Luis Enrique Ascui

Big bank apologises after eftpos outage

More than 3000 customers with Westpac have been hit by an eftpos outage, prompting the bank to issue an apology.

Australian Markets

SYDNEY, AUSTRALIA - NewsWire Photos OCTOBER 07 2025; People are seen walking past the ASX in Sydney CBD. Photo: NewsWire/ Gaye Gerard

ASX snaps four-week losing streak

Major banks dragged down Friday’s trading but could not derail Aussie shares from posting their strongest weekly gains in months.

UPDATEDBanking

CANBERRA, AUSTRALIA - NewsWire Photos - November 18, 2025: Westpac Group, Chief Executive Officer, Anthony Miller, and Chief Risk Officer Ryan Zanin appear at the Standing committee on economics, Review of Australia's four major banks at Parliament House in Canberra. Picture: NewsWire / Martin Ollman

Major bank’s huge call on house prices

In an extraordinary exchange, Westpac’s boss has insisted the bank doesn’t necessarily make more money when Australians take out bigger mortgages.

MELBOURNE AUSTRALIA - NewsWire Photos MAY 5, 2025: Westpac bank branch generic photo in Melbourne, Australia. Picture: NewsWire / Luis Enrique Ascui

Big bank’s $50m underpayment shock

The multi-year underpayments breakdown hit everything from leave payments and superannuation to meal allowances.

AUSTRALIA - NewsWire Photos - General view editorial generic stock photo image of Australian cash money currency. Picture: NewsWire / Nicholas Eagar

‘Ominous sign’: Major bank move on rates

A big four bank is lifting fixed interest rates in an “ominous sign” for all mortgage holders.

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BRISBANE, AUSTRALIA - NewsWire Photos September 23, 2021: Westpac in Brisbane. Australia's biggest bank has warned proactive steps must be taken now to avoid a New Zealand style government intervention to cool soaring house prices Picture: NCA NewsWire / John Gass

Westpac boss’ huge call on WFH case

Westpac’s chief executive has defended the bank’s WFH policy in the wake of a bruising loss at the Fair Work Commission.

MELBOURNE AUSTRALIA - NewsWire Photos MAY 5, 2025: Westpac bank branch generic photo in Melbourne, Australia. Picture: NewsWire / Luis Enrique Ascui

Westpac cuts 200 bank teller jobs

Westpac is the latest bank to make major staff changes, cutting 200 customer-facing roles but saying these staff can go into other parts of the bank.

ADELAIDE/ KAURNA YARTA, AUSTRALIA - NewsWire Photos DECEMBER 21, 2023: Commonwealth Bank Chinatown, Adelaide. Picture: NCA NewsWire / Morgan Sette

Major bank slashes home loan rates

Commonwealth Bank is the second major bank to break the 5 per cent barrier on fixed rates just weeks before the RBA’s next interest-rate move.

AUSTRALIA - NewsWire Photos - General view editorial generic stock photo image of Australian cash money currency. Picture: NewsWire / Nicholas Eagar

Major bank takes ‘chainsaw’ to rates

In a landmark move that signals a dramatic shift in Australia’s mortgage market, a major bank has chopped fixed rates to sub-5 per cent levels.

Australian Markets

SYDNEY, AUSTRALIA - NewsWire Photos APRIL 09: ***Strictly for editorial use only*** A general view of the digital boards at the Australian Stock Exchange in Sydney after the ASX plummeted for a second day, with another 50 billion dollars wiped off the Australian stock market today, as a result of fears US President Donald TrumpÃƒs reciprocal tariff policies will send the global economy into a recession. Photo: Gaye Gerard / NewsWire

ASX jumps as Westpac hits decade high

Westpac’s strongest day since the Covid-19 pandemic has helped drive the ASX 200 higher during Thursday trading.

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SYDNEY, AUSTRALIA - NewsWire - 08 JULY 2025: Following the Monetary Policy Board Decision, Reserve Bank Governor Michele Bullock addresses the media in Sydney. Picture: Christian Gilles / NewsWire

‘Dirty secret’: Big bank’s call on rate hold

Struggling mortgage holders could be waiting an additional five weeks for a rate cut just so the RBA can prove its independence, a former employee says.

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COMPOSITE 4:3 - Australia's four big banks Commonwealth, Westpac, NAB, ANZ. Picture: NCA Newswire

One thing stopping Aussies getting rate relief

One of Australia’s big four banks is cautioning mortgage holders rates might stay on hold in July, despite a weaker-than-expected inflation read.

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AUSTRALIA - NewsWire Photos - General view editorial generic stock photo image of Australian cash money currency. Picture: NewsWire / Nicholas Eagar

Bank predicts bad news for homeowners

Struggling mortgage holders may have to wait a little longer for interest rate relief, a big four bank’s economist warns.

Australian Economy

US President Donald Trump signs executive orders in the Oval Office of the White House in Washington, DC, on January 20, 2025. Picture: NewsWire / Jim WATSON / POOL / AFP

Aussie bank chief’s brutal Trump call

One of Australia’s leading economists has called out US President Donald Trump’s tariff policy and given a reason why it won’t work.

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SYDNEY, AUSTRALIA - NewsWire Photos - February 20, 2025: The Westpac building in Kent St, Sydney where it is moving jobs offshore at the expense of local workers. Picture: NewsWire / Simon Bullard.

Big bank to cut 1500 jobs in huge cull

One of Australia’s biggest banks is reportedly about to swing the axe on an estimated 1500 jobs in a massive redundancy cull.

US President Donald Trump signs executive orders in the Oval Office of the White House in Washington, DC, on January 20, 2025. Picture: NewsWire / Jim WATSON / POOL / AFP

Major bank’s huge call on Trump

One of Australia’s big four banks says Australia is well placed to weather the storm coming from US President Donald Trump’s tariff policy.

COMPOSITE 4:3 - Australia's four big banks Commonwealth, Westpac, NAB, ANZ. Picture: NCA Newswire

‘Locked in’: Major bank’s big rate cut call

Households will get a rate cut in May regardless of April’s inflation reading, one major bank’s chief economist has boldly declared.

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NSW / ACT Courts & Law

The glamorous daughter of fugitive property tycoon Jean Nassif, alleged to have supplied a bank with fake pre-sales contracts in order to obtain a $150 million loan to help her father build one of Sydney’s biggest apartment projects, attended a hearing at Burwood local court on Thursday.

Fugitive’s daughter breaks down in court

Lawyers for the daughter of the fugitive property tycoon say the case has “changed significantly” after a Westpac witness was called for evidence.

AUSTRALIA - NewsWire Photos - General view editorial generic stock photo of Australian cash money currency. Picture: NCA NewsWire / Nicholas Eagar

Major bank’s huge cash backflip

In a major win for cash advocates a big four bank has reversed its plan to close down three previously abandoned banking facilities.

COMPOSITE 4:3 - Australia's four big banks Commonwealth, Westpac, NAB, ANZ. Picture: NCA Newswire

Major bank reveals huge rate cut

A major bank has reduced its variable rates, as experts predict a ‘rates war’ between the big four lenders is about to heat up.

Australian Economy

*** EMBARGOED UNTIL DECEMBER 16TH 2024*** SYDNEY, AUSTRALIA - NewsWire Photos DECEMBER 5, 2024: New Westpac CEO Anthony Miller on Thursday. Picture: NewsWire / Nikki Short

Australia urged to remain calm on Trump tariffs

The chief executive of one of the country’s largest banks said Australia should remain calm and use the Trump tariffs to our advantage.

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SYDNEY, AUSTRALIA - NewsWire Photos - OCTOBER 27, 2024: Westpac signage, Norton St Leichhardt. Picture: NewsWire / Simon Bullard.

Major bank to move 190 Aussie jobs offshore

Big four bank Westpac will cut 190 Australian jobs in its customer solutions division and move them offshore just days after announcing a bumper profit.

Australian Markets

SYDNEY, AUSTRALIA - NewsWire Photos, October 29 2024. GENERIC. Stocks. Finance. Economy. Stock price ticker of the Australian Stock Exchange, ASX, at their offices on Bridge Street. Picture: NewsWire / Max Mason-Hubers

Westpac, Bendigo drag down ASX

Banks weighed on the ASX on Monday with disappointing earnings updates from Westpac and Bendigo Bank pushing the index to the red.

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SYDNEY, AUSTRALIA. NewsWire Photos. DECEMBER 19, 2023. A network outage at Westpac is being reported by thousands of Westpac customers in most Australian states. Picture: NCA NewsWire / Jeremy Piper

Big bank posts eye-watering profit

A major Australian bank has posted a massive three-month profit as it expects one thing to rise in the coming months.

Westpac bank has been hit with an outage impacting online and mobile banking customers. Picture: Supplied.

Relief for millions of Westpac customers

Westpac customers are being urged to remain ‘vigilant’ for scams after its online banking services faced widespread outages.

AUSTRALIA - NewsWire Photos - General view editorial generic stock photo image of Australian cash money currency. Picture: NewsWire / Nicholas Eagar

Second major bank cuts interest rates

Another of Australia’s big four banks has cut interest rates for one group of borrowers, ahead of the RBA’s highly anticipated February meeting.

UPDATEDInterest Rates

AUSTRALIA - NewsWire Photos - General view editorial generic stock photo image of Australian cash money currency. Picture: NewsWire / Nicholas Eagar

‘It’s on’: Major bank expects Feb rate cut

In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.

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SYDNEY, AUSTRALIA - NewsWire Photos - OCTOBER 27, 2024: Westpac signage, Norton St Leichhardt. Picture: NewsWire / Simon Bullard.

Major bank’s huge $6.35m error

A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.

Westpac (L-R) CFO Michael Rowland prior to their full year 2020 profit result announcement. Jane Dempster/The Australian.

‘Team player’: Major bank’s CFO retires

Westpac has announced its chief financial officer is leaving the company just months after its chief executive announced his retirement.

Australian Economy

Westpac boss Peter King says fewer homeowners now need hardship help from the bank. Picture: Tertius Pickard/ NewsWire

Big bank’s surprise call on cost of living

Westpac says the peak of the cost of living crisis could be behind us with the number of Aussies needing the bank’s help to pay their loans falling.

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Original URL: https://www.news.com.au/topics/westpac