The Latest Breaking News from Westpac

The horror, the horror: banks are having to compete for our business by offering better rates

Don’t buy the banks’ sob story. They are annoyed Australians are becoming more savvy at shopping around for better deals for their home loans

The Guardian - AU · Aug 21, 2024

Labor pumps $160m into Westpac fund offering lower-interest loans for household energy upgrades

But the loans are only available to those who already have or are approved for a Westpac home or investment loan of at least $150,000

The Guardian - AU · Aug 18, 2024

Meeting minutes to show RBA dancing to its own beat

Markets will turn their attention to the Reserve Bank's latest board meeting minutes but they might be better off looking further afield for new insights.

AAP · Aug 18, 2024

Commonwealth Bank still predicts interest rate cut in 2024 as RBA defends keeping cash rate on hold

Reserve Bank’s chief economist says it is ‘difficult’ to hear the stories of those who ‘are struggling’

The Guardian - AU · Aug 7, 2024

Tech fuels shares turnaround amid muted Biden response

The ASX200 has snapped a three-day losing streak led by tech stocks, while the Australian dollar closed lower for a seventh consecutive day.

AAP · Jul 23, 2024

Microsoft outage: how Australian airports, banks and supermarkets were affected by major IT meltdown

Home affairs minister Clare O’Neil says outage would take ‘some time to resolve’ following problems caused by a CrowdStrike cybersecurity software update

The Guardian - AU · Jul 19, 2024

Banks improve climate funding, but work to do: report

The big four banks have made significant strides to curb lending for fossil fuel projects but a report says they still have not met their own climate targets.

AAP · Jul 15, 2024

Australia’s big banks lent $3.6bn to fossil fuel expansion projects in 2023, report shows

Lending puts banks in ‘complete violation’ of commitments to Paris agreement, climate group says, even as overall funding to sector ebbs

The Guardian - AU · Jul 15, 2024

Banks lashed for ripping off poorer customers

The market watchdog has slammed four major banks for causing financial distress to more than two million Australians by systematically overcharging on fees.

AAP · Jul 14, 2024

Aussie shares hit record high amid talk of US rate cuts

The ASX200 rose 0.8 per cent to set its sixth all-time high of 2024 and finished the week just over 40 points away from the 8,000 mark.

AAP · Jul 12, 2024