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
From Westpac interest rates and credit cards to home loans, we have all the latest banking news.
‘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.
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.
Westpac’s brutal call on rates
Westpac has flagged the majority of mortgage holders don’t need a rate cut, as they have become accustomed to higher interest rate payments.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
Major banks hit by outage
Westpac, St George and two regional banks have been hit by an outage affecting app access and online banking, with Aussies left unable to access their money.
Major bank’s huge move on cash
One of Australia’s major banks has cut against the grain in the age of digital wallets and will no longer offer a key service, claiming declining interest.
‘Trust’: Major bank reveals new CEO
Westpac has announced its new chief executive, who has a vision to return the big-four bank to a “position of leadership”.
Big four bank bosses tip Feb rate cut
Two out of the four chief executives of Australia’s major banks have tipped an early-2025 cash rate cut.
Aussie bank boss’ shock rates prediction
The Westpac Group boss believes the Reserve Bank will begin cutting rates from early next year, forecasting the figures rates will settle at.
Win for millions as major bank slashes rates
Another major bank has moved to slash fixed and variable rates, following other lenders including Westpac and NAB.
Major bank slashes fixed interest rates
Another of the major Aussie banks has cut mortgage rates, helping people scraping together repayments or a house deposit.
Bank boss’s warning in cost-of-living crunch
More Westpac mortgage holders are falling behind on their payments while the bank posts a flat $1.8bn profit for the latest quarter.
Major bank shuts down troubled lender
One of Australia’s banking giants has shut down a home loan lender, ending a 33-year-run for the troubled business.
Horror reason couple nearly lost $350k
A Queensland couple thought they were investing their cash safely, but when their bank got involved, they learned how close they’d been to losing a small fortune.
Westpac takes on allegedly crooked banker
Westpac has launched proceedings against an employee of another bank who allegedly used her role to defraud multiple banks to fund her lavish lifestyle.
Scuba diver critical after near drowning
A scuba diver is in hospital in a critical condition after being pulled from the water at a remote beach.
‘High risk’: Bank in hot water over move
Westpac has been sanctioned, with the industry watchdog saying the bank’s move put vulnerable customers at “high risk” of harm.
Big change coming for millions of Aussies
Westpac has made a big change to its app that will affect how millions of Aussies are able to pay for everyday items.
‘Easy’ way Aussies can earn hundreds
A simple prompt could help earn Aussies hundreds of dollars, as a major bank announces a new alert system.
Major bank’s call on pending tax cut
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
‘Call us’: Major bank’s plea to homeowners
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
Major bank’s huge move on scammers
While criminals siphon hundreds of millions of dollars via scams each year, one bank has launched a new defence.
Major bank closing city branches
One of Australia’s big four banks has announced another round of bank branch closures in two major cities.
Major bank closing city branches
One of Australia’s big four banks has announced another round of bank branch closures in two major cities.
Aussies buoyed in home ownership hopes
Australians are feeling more confident about their home buying plans, and they’re prepared to make big changes to crack into the housing market.
‘Forget loyalty’: Big bank’s new job cuts
One of Australia’s biggest banks has just announced a new round of job cuts, with some of the positions set to move offshore.
Cruise ship worker flown to hospital
A man has been winched from a cruise ship after suffering a serious medical condition off the Australian coast.
ASX a sea of red, down 1.1pc to four-week low
Consumer gloom continues, according to Westpac survey. Rio flags second-half China recovery. Lovisa, Seven, Super Retail hit by analyst downgrades.
Update after massive bank outages
One of Australia’s big four banks has provided an update after thousands of customers were affected by a network outage.
$0 bank balance horror in Westpac crash
Thousands of Westpac customers were left stranded after the major bank reported an outage.
Aussies warned to brace for more rate pain
A finance expert has urged Australians to be prepared for interest rates to rise again in the near future, as the country battles a worsening cost of living crisis.
Major cash change for big four bank
Bank customers will have easier access to their money as one major bank expands its cash transaction options.
Big bank’s surprise move for homeowners
One of Australia’s biggest banks has announced a shock move for its interest rates.
Bank sued over treatment of most vulnerable
One of Australia’s biggest banks has been taken to court after failing to respond to customers who said they were in financial hardship.
Aussie bank’s gamechanging new move
Australians wanting to break free from streaming services will be given even greater freedom with a new banking feature,
Major bank’s new cash rule for Aussies
A major bank’s decision to enforce lower default cash withdrawal limits comes after a survey found 72 per cent of Australians were found to be ‘low cash users’.
Big bank‘s $750 offer to customer group
One of the big four banks has offered to fill up customers’ cars for free if they take out a loan with them.
Westpac reveals major card update
One major bank has unveiled a major update on its credit and debit cards that’s intended to help one group manage their money.
First big bank passes on RBA rate hike
One of the big four banks has been quick to pass on the latest rise after the Reserve Bank handed down its interest rate decision.
Bank’s big move as mortgage cliff looms
One of Australia’s major banks has made a big change to its refinancing policy, which will be welcome news to homeowners battling spiking interest rates.
Bank’s major crypto move revealed
One of Australia’s big four banks has made a major announcement about how it will handle cryptocurrency exchanges.
Final big bank announces hike
Aussie homeowners are in for pain as the final major bank hikes interest rates yet again.
More banks hike up interest rates
Three of the four big banks have now changed their interest rates for mortgage holders and some saving accounts.
Major banks to rake in $11.7b in profit
Australia’s big banks are predicted to reveal they have raked in their biggest earnings in the last 30 years.
Major bank’s big call on house prices
There were fears that Australia’s property prices could take a huge hit this year, but some surprising predictions have now been made.
Popular bank hikes new mortgage rates
There’s more pain for new homeowners as one of Australia’s biggest banks announces new rate hikes on its home loan repayments.
Major bank’s ‘savage’ branch closures
A major Australian bank has been accused of “making sure its billion-dollar profits are pumped up” as it slashes more branches.
Major bank’s next move against scammers
One of the big four banks has introduced new protection against scams as customer losses reach a new “record high”.
Bank’s warning after grim rates prediction
One of the big four banks has explained their new prediction on when interest rates will drop – and delivered a warning to RBA boss Phil Lowe.
Big bank’s huge call on rate cuts
One of the big four Australian banks has made a shocking prediction about the future state of interest rates.
Bank’s ‘bleak’ prediction for house prices
One of the country’s biggest banks has issued a grim warning to property owners, with three cities set to suffer the most.
Dramatic rescue after boat capsizes
Three men are safe after a “freak wave” led to a dramatic rescue off the NSW coast on Wednesday morning.
Aussie staff given unusual work perk
Westpac is introducing a new leave entitlement for employees in a first for the Australian finance industry.
Big banks to pay out to 1 million Aussies
Up to one million customers could be eligible for compensation in a huge win against three of the big four banks.
‘Inevitable’: Bank’s grim warning on rates
One of the big four banks has warned it’s inevitable some borrowers coming off fixed rate mortgages will be hit hard over the coming months.
Bank’s horror interest rate prediction
All four of Australia’s big banks have made grim predictions about interest rates, with the latest anticipating the most dire forecast yet.
Big bank makes call on interest rate hike
Westpac has become the last of the big four banks to pass on rate hike pain to its customers, but the bad news comes with a silver lining.
‘Failures’: ASIC nabs banks, mining giants
Big banks and mining giants are among those caught out by ASIC for “failures” that resulted in a combined total of $230m in penalties.
Major bank’s fresh blow to homeowners
One of Australia’s big four banks has announced a major interest rate hike following last week’s move by the Reserve Bank.
Major bank shuts down 24 branches
Westpac is set to axe more than 100 jobs as it closes 24 branches, amid accusations from the Finance Sector Union calling the bank “mean and stingy”.
Big change coming to interest rates
A major change is coming to your interest rate if you bank with one of the big four. Here’s what you need to know.
Second bank backflips on interest rate hike
Another Australian bank has announced a big change to its interest rates following Westpac’s move on Thursday.
Big bank’s surprise interest rate move
A third big bank has reacted to the RBA’s announcement of a further 0.50 percentage point rate hike, saving customers some hip-pocket pain.
Reason Aussies are in for ‘more rate pain’
Borrowers have been warned to “brace for more rate pain” following forecasts from the country’s big four banks.
Major employers advise working from home
Two of Australia’s biggest employers are advising staff to work from home over concerns about rising Covid case numbers.
Major bank raises rates even higher
A major Australian bank has announced hikes to its interest rates for the second time in the space of a month.
Money argument Boomers always get wrong
Bring up today’s cash rate and Boomers will often retort with the 17 per cent rate of the 1980s. But it turns out their argument simply doesn’t stack up.
Rates to rise ‘every month until Christmas’
With the RBA almost certain to increase the cash rate on Tuesday afternoon, some economists are predicting it could be a regular monthly occurrence.
House prices set to plunge if rates rise
Pressure is piling on for homeowners as interest rate rises could leave them struggling to meet repayments on a house worth less than what they paid for it.
Banks confirm homeowners’ worst fear
The four major banks have revealed alarming predictions for interest rate rises, with expectations borrowers are in for multiple hits this year.
Australians in a new type of lockdown
Omicron means that many Aussies are in a bizarre new type of lockdown. And the grim economic impact is already being felt.
Westpac charges dead clients for advice
One of Australia’s largest banks has been caught charging 11,000 dead customers for financial advice.
ASX surges higher despite bank drag
News of a Singapore travel bubble helped stocks such as Qantas, but Westpac tanked after its full-year results failed to impress.
Big banks mandate Covid vaccine
Three banks have announced on the same day a new vaccine mandate with various deadlines looming.
Big four bank’s massive financial blow
Australia’s number two lender Westpac is set to take an eye-watering hit following a string of massive impairments and customer refunds.
Soccer identity fraud case struggles revealed
Sydney soccer identity Bill Papas is accused of forging contracts to swindle millions – and today a court of the many difficulties plaguing the complicated case.
Big bank uncovers huge potential fraud
A big four bank has uncovered a huge potential fraud and is chasing the suspected ‘external perpetrator’ in court.
Aussie bank gets out of car loans
Westpac is making more progress selling parts of its business in a bid to become leaner and more profitable, this time getting out of car financing.
Why interest rates may have to rise sooner
Interest rates should rise much quicker than the Reserve Bank forecasts, two major banks have predicted.
Original URL: https://www.news.com.au/topics/westpac