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The first $500 million capital penalty came in 2019 in a crackdown on all the major banks after poor risk self-assessments.

Australians are getting on top of their mortgages, says Westpac boss

The country’s second-largest mortgage lender says the strong jobs market is helping more borrowers to stay on top of their repayments.

  • Clancy Yeates

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Half-year results from the banks are

$10.4 billion test looms for ‘safe haven’ Australian banks

The big four banks have gained a reputation as a relatively safe investment in volatile times. This idea faces a litmus test this week.

  • Clancy Yeates
Matthew Flinders’ love letters are on display at the State Library of NSW.

Steamy love letters and happy face ‘emoji’ reveal hidden side of explorer

To mark the anniversary of Matthew Flinders’ wedding in 1801, a tranche of love letters will go on display at the State Library of NSW from April 17.

  • Julie Power
Westpac chief economist Luci Ellis is questioning the growing US budget deficit.

Why Australia’s well placed to weather Trump’s economic self-harm

Westpac’s chief economist explains why the US president’s tariff fixation will hurt America much more than it will hurt other countries.

  • Peter FitzSimons
APRA chairman John Lonsdale has put the boards of banks, insurers and superannuation funds on notice.

Ten years is enough: Regulator puts long-serving directors on notice

The APRA is set to call time on long-serving, incompetent and conflicted directors under a planned major shake-up of standards at banks, insurers and super funds.

  • Sumeyya Ilanbey
Making a call that bank shares will fall is a risky business.

Is this pop the sound of the bank share bubble bursting?

It feels like investors have finally woken up to the fact that bank share prices have been unfathomably overvalued for a year.

  • Elizabeth Knight
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The chief executives of Westpac and Bendigo and Adelaide Bank have backed a rate cut to lift business activity.

Bank bosses back RBA rate cuts to boost economy

The chief executives of banking giant Westpac and its smaller rival Bendigo and Adelaide Bank said lower rates could help both households and businesses.

  • Sumeyya Ilanbey
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
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

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