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Westpac Banking Corporation

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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
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
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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

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