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.
Westpac
From Westpac interest rates and credit cards to home loans, we have all the latest banking news.
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.
Aussie banks, Virgin hit by online crash
ANZ, Westpac and Commonwealth Bank customers have been hit by a mobile app outage, with Virgin Australia also affected.
Bank‘s ’peace of mind’ offer to customers
One of the nation’s major banks has introduced an Australian-first savings buffer for customers facing financial hardship.
Westpac accused of insider trading
The corporate watchdog has launched court action against the major bank for alleged insider trading over a major energy deal.
Reason behind bank’s stunning profit jump
One of the nation’s major banks has revealed a staggering profit jump largely as a result of this booming market.
Worrying trend for Aussie borrowers
The nation’s second largest lender has bumped up home loan rates, signalling an end to bargain-basement mortgages.
Bank move to help curb online gambling
One of the nation’s biggest banks has introduced a new tech feature that can prevent problem gamblers from accessing online betting sites.
Westpac bank, post office in virus alert
WA Health officials have added two new venues to a growing list of COVID-19 exposure sites in Perth, including a Westpac bank.
Westpac targeted over ‘unlawful’ charges
Westpac bank has been taken to court for allegedly charging hundreds of customers for a product they didn’t sign up for.
Full list of Westpac’s 48 branch closures
Westpac Banking Group will shut 48 branches nationally, a decision spurred on by more people banking online. Here’s the list of branches to go.
Bank’s $10m lifeline for flood victims
The nation’s second largest bank will commit $10m in flood relief to customers affected by the recent east coast superstorm.
Second big bank slashes home loan rate
Another big bank has slashed its two-year fixed home loan rate, but both are still being beaten by an online-only lender.
Major bank’s incredibly low home loan rate
One of the nation’s major banks has slashed its fixed home loan rates and is now offering some of the most lucrative rates in the lending market.
Westpac slashes business loan rates
One of the country’s largest banks has slashed lending rates on business loan schemes implemented at the start of the coronavirus pandemic.
ASX dips on another epic news day
The ASX pulled back from its recent stellar run, with Westpac, Domino’s Pizza and Rio Tinto among the big results lobbing in on an epic earnings season day.
Big mistake we make with our money
Half of Australian savers believe the big banks are the safest place to keep their money, but they could be missing out on better interest rates.
Bank’s push to end ‘hidden epidemic’
One of the country’s largest banks plans to stamp out what’s been described as a ‘hidden epidemic’ from its online platforms.
‘Barely an ice cream’: Sad reality of cuts
Two of Australia’s major banks have dealt a blow to savers by further slashing rates on deposit accounts.
Aussies choose savings over love
Australians are prioritising saving for a house over a relationship, a new survey from one of the country’s major banks has found.
Big consequence of border closures
A leading economic indicator has revealed what effect the recent state border closures have had on the economic outlook for 2021.
Aussies’ Christmas plans revealed
A new report has found Australians have become more conscious about their spending but are seeking to support local businesses this Christmas.
Westpac’s pledge to shareholders
Australia’s second largest bank says it will do better in 2021 and pledges to pay its shareholders a proper dividend in the coming year.
‘Not good enough’: Watchdog’s swipe at Westpac
The banking regulator has told Australia’s second largest bank it must do more to offset failings that led to a money laundering scandal.
Black Friday: How not to get ripped off
Scammers are on the prowl to take advantage of Black Friday and Cyber Monday shoppers. Here’s how to best protect yourself.
Major banks cut rates to record lows
Three of Australia’s major banks have acted swiftly after the Reserve Bank slashed interest rates to a historic low on Tuesday.
‘Disappointing’: Westpac’s profits plunge
Westpac has blamed the economic downturn from COVID-19 and a money-laundering scandal for its “disappointing” financial results.
Fintech juggernaut’s next big move
A major buy now, pay later company has teamed up with a big four Australian bank to offer a new banking product that will be available next year.
New date tipped for interest rate cut
One of Australia’s major banks predicts the Reserve Bank won’t cut interest rates until the Federal Government hands down its budget.
‘Customer 12’ that cost Westpac $1.3bn
If it wasn’t for a single customer acting suspiciously in a branch, the lid may never have blown off a shocking scandal that has cost the bank dearly.
How Westpac facilitated child sex
Westpac has copped a staggering $1.3 billion fine for failing to stop transactions that funded child exploitation and terrorism.
Westpac tips budget day rate cut
Westpac believes the Reserve Bank is gearing itself for an interest-rate cut on the same day the Federal Government will deliver its budget.
House price to surge 15 per cent, bank says
One of Australia’s major banks believes house prices will surge by almost 15 per cent in late 2021 after a period of “distressed” sales.
Westpac appoints new executive
Westpac has chosen a South African with a strong background in fintech and digital banking as the new head of its retail banking division.
Clue to potential future rate cut
A subtle change in wording by the Reserve Bank could signal a rate cut is on the cards, one of Australia’s leading economists says.
Westpac delivers blow to savers
Westpac has taken the knife to savings rates on its deposit accounts in another financial blow to savers.
Key area where virus state lags behind
Victoria is not keeping up with the other states in this key area as lockdowns continue to choke the state’s economy, new figures reveal.
Bank vows to stamp out the hard sell
Westpac has made a big change to operations that it says will ensure customers won’t get saddled with products they don’t need.
![Nicky Healey, a nurse at a Boots pharmacy, displays a vial of CSL Ltd.'s Enzira seasonal flu vaccine in Holborn, London, U.K., on Thursday, Nov. 8, 2007. Seasonal flu strikes 5 percent to 15 percent of the population and kills 250,000 to 500,000 people a year worldwide, according to the World Health Organization. Photographer: Graham Barclay/Bloomberg News [HOLD FOR STORY -- EMBARGOED UNTIL CDC PRESS CONFERENCE ON FRI, NOV. 9 AT 5 PM ET]](https://content.api.news/v3/images/bin/32903a6bfb491c5f4fe269f68ac759f6?width=650)
Healthcare pushes share market higher
The Australian share market closed higher after strong gains among health stocks but banks were a drag, especially Westpac.
No dividend for Westpac shareholders
Westpac has refrained from issuing a dividend to its shareholders, warning COVID-19 is still causing significant downward pressure on the economy.
Aussie banks, ATMs disappearing
New figures reveal 2100 ATMs in Australia were removed between April and June, while the big four banks have shut 175 branches collectively.
Consumer confidence plunges on COVID-19 fears
The latest Westpac-Melbourne Institute Index of Consumer Sentiment shows pessimism has plunged due to fears more states than Victoria will suffer a second wave of COVID-19 cases.
Westpac bolsters protection against scams
Australia’s second largest bank has added new protection measure in it branches to curb scamming activity and fraud.
Original URL: https://www.news.com.au/topics/westpac/page/3