Westpac Banking Corporation
Updated
Earnings season
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.
- by Sumeyya Ilanbey
Latest
Banks tipped to rake in $30b as most borrowers weather interest rate storm
Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors, to be revealed this week.
- by Sumeyya Ilanbey
CBA sorry after glitch drains some customer accounts
The bank said the issue was rectified Saturday afternoon, but not before a rash of online complaints from customers.
- by Caitlin Powell and Gemma Grant
Action over ‘shonky’ car loans kicks off against Westpac, Macquarie
The class action alleges the two banks engaged in predatory lending practices that stung consumers with unfair high-interest loans.
- by Sumeyya Ilanbey
Opinion
Scams
Beware the ‘Microsoft support’ scam – it cost Fran $30,000
Want a chance of getting scam compensation from one of the big banks? There’s one simple rule to follow.
- by Nicole Pedersen-McKinnon
The mud map and escape plan that upended a $500 million fraud
When businessman Bill Papas fled to Greece, he left behind smoking-gun evidence of his elaborate scheme to defraud bank lenders – and a note that sank his business partner.
- by Sarah Danckert
Hoping for the RBA to cut interest rates? Here’s what the big four banks are saying
While markets are expecting at least one rate cut before the end of the year, RBA governor Michele Bullock and most of the big four banks disagree.
- by Millie Muroi
The rewards ruse that’s catching Telstra customers off guard
Banks, telcos and social media companies could soon be held accountable for failing to protect customers, but there is a big vulnerability in our anti-scammer systems that needs a fix.
- by Nicole Pedersen-McKinnon
Updated
Executive shake-up
Westpac to shift gears on business banking, new CEO says
Incoming CEO Anthony Miller sees opportunities for growth in the agriculture, education, professional services and healthcare sectors.
- by Sumeyya Ilanbey
Westpac whistleblower ‘bullied’ after raising suspected criminal activity complaints at RAMS
A Westpac whistleblower has said she was bullied after making internal complaints about suspected criminal activity at the bank’s RAMS Home Loans mortgage broking subsidiary.
- by Sumeyya Ilanbey
Opinion
Interest rates
Banks make sneaky cash grab as deposit rates trimmed
Some would call it a margin-plumping exercise – the banks prefer to think of it as margin protection. Either way, it’s good for bank profitability.
- by Elizabeth Knight
Original URL: https://www.watoday.com.au/topic/wbc-1nw