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The Latest Breaking News from Westpac

Customers unable to reach accounts in Westpac outage

Some Westpac customers have been unable to reach their accounts after an apparent online outage, as the bank says it is working to rectify the issue.

AAP

Westpac suffers online banking outage with customers shut out of accounts

People unable to view statements, pay bills or use credit cards after a problem during what the bank called a ‘technology update’

The Guardian - AU

Black Friday: Australian shoppers tipped to spend more than $6bn in four-day sales period

Retailers say online sales on Friday were 10-25% up on last year, with the shopping event becoming bigger than Boxing Day

The Guardian - AU

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Australian shares lift to move back above key marker

The ASX200 rose 0.8 per cent to climb back above the 7,000 level amid strong gains by the energy and mining sectors.

AAP

Consumers, businesses still wary about the future

Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience.

AAP

What Westpac zero deforestation pledge means for ag

A zero deforestation target for agriculture set by Westpac has been described as "enormous" by the conservation movement but condemned by farmers.

AAP

Shareholder takes ANZ to court over climate risks

An ANZ shareholder will take the bank to court over concerns about its climate change and biodiversity loss risk management.

AAP

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Migrants and change of government drive sharp forecast rise in house prices

The nascent return of first home buyers is set to be snuffed out by 'horribly unaffordable' house prices. Jonathan Milne reports.

Newsroom.co.nz

PwC to cut more than 330 jobs in Australia after scandal over misuse of Treasury information

Consultancy giant will close ‘skilled service hub’ in South Australia with more redundancies across national workforce

The Guardian - AU

Westpac’s profit jump is no surprise when the RBA favours banks over households

Further hiking of interest rates to meet a 2-3% inflation target will serve to enhance the financial sector, not consumers doing it tough

The Guardian - AU

Westpac posts $7b profit, launches $1.5b share buyback

Westpac has posted a 26 per cent rise in net profit of $7.2 billion for 2022/23 and released a climate report which will affect lending to farmers.

AAP

More young women are choosing a career in agriculture

More young women and people from multicultural backgrounds are choosing agriculture as a career, an analysis of census data over the past 15 years shows.

AAP

RBA governor says inflation bump no surprise but won’t say whether rates will rise

Michele Bullock tells Senate estimates ‘we might need to go again’ as Westpac joins other big banks in predicting November rate rise

The Guardian - AU

Fugitive Jean Nassif gives up fight for builder licence

Fugitive Jean Nassif has withdrawn his bid to work as an Australian construction industry boss months after police accused him of a $150 million fraud.

AAP

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AAP

Australian shares rally to key marker in eight-day high

The ASX200 index finished 1.0 per higher following dovish remarks by several US Federal Reserve officials overnight.

AAP

Business pressures ease in promising sign for inflation

The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.

Newcastle Herald

Rescue helicopter's humble heroes reflect on a century of service

The trauma, the jobs that won't be forgotten, and the mateship that tethers the team.

Newsroom.co.nz

Borrowers left in 'mortgage prison' as firms quit personal lending market

A Commerce Commission inquiry has been warned that Kiwi borrowers will be unable to shift to more competitive lenders because of tough new credit rules. Jonathan Milne reports.

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The Canberra Times

One ACT fisherman still missing after police find body

The search for the 73-year-old continues.

The Conversation

What's to stop Philip Lowe moving to a private bank after he leaves the RBA? It's what his predecessors did

Surely Reserve Bank Governor Philip Lowe won’t move to a private bank after his term as governor ends next week.

The Guardian - AU

Couple who died in suspected mushroom poisoning remembered – as it happened

This blog is now closed.

Newcastle Herald

Explosion causes serious face injury, man flown to hospital

The man was in a stable condition at the time.

The Guardian - AU

Gone in two transfers: the email scam that cost Australian homebuyers their life savings

NSW residents Simon Elvins and his wife lost nearly $250,000 to a payment redirection scam – and they are not alone

Crikey

Matt Comyn rakes it in at the CBA — but what about Josh and Phil?

The Commonwealth Bank wants a brighter future for us all, but chiefly its shareholders and senior executives. The rest of us can make do.

The Guardian - AU

‘Bit of a conundrum’: contradictory economic signs make RBA rate prophecies difficult

Surveys point to two-track economy with low consumer confidence but business in a relatively strong position to weather any slowdown

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