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The Latest Breaking News from Westpac

AAP Rolling News Bulletin May 27, 1430

AAP Rolling News Bulletin for May 27 at 1430

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AAP Rolling News Bulletin May 27, 1400

AAP Rolling News Bulletin for May 27 at 1400

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AAP Rolling News Bulletin May 27, 1330

AAP Rolling News Bulletin for May 27 at 1330

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AAP Rolling News Bulletin May 27, 1300

AAP Rolling News Bulletin for May 27 at 1300

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AAP Rolling News Bulletin May 27, 1230

AAP Rolling News Bulletin for May 27 at 1230

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AAP Rolling News Bulletin May 27, 1200

AAP Rolling News Bulletin for May 27 at 1200

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AAP Rolling News Bulletin May 27, 1130

AAP Rolling News Bulletin for May 27 at 1130

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AAP Rolling News Bulletin May 27, 1100

AAP Rolling News Bulletin for May 27 at 1100

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FED:'Grossly negligent': Westpac cops $26 million penalty

The Federal Court has slugged Westpac with a $26 million penalty for failing to respond to customers who were facing financial hardship.

AAP

Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

AAP

Australian shares advance on US-Iran deal optimism

Oil prices have started the week sharply lower, boosting risk sentiment and local equities, led by miners, IT stocks and consumer discretionaries.

AAP

Mater hospital's future tied to legal liabilities and a web of companies

Hospital caught in 'various legal and cost disputes'.

Newcastle Herald

Aussie shares rebound after Trump postpones new attack

The ASX rose 1.2 per cent in its best day of gains since May 6 after Donald Trump said he was scrapping plans for another attack on Iran.

AAP

Australian shares plunge to seven-week low

The Australian stock exchange has fallen to its lowest level since early April as surging oil prices and runaway price growth send jitters through bond markets.

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Aussie shares trim losses but higher rates here to stay

The Australian share market fell to a four-week low ahead of an expected interest rate hike, a clear RBA majority decision pointing to higher rates for longer.

AAP

Big bank warns of recession risk as uncertainty lingers

The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.

The Guardian - AU

Trump administration urged to use ‘trade remedies’ to stop news bargaining incentive – as it happened

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AAP

Banks to reveal how Iran conflict has affected earnings

Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.

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AAP

ASX extends losses as Gulf worries buoy oil prices

Investor sentiment remains under pressure after weeks of earnings downgrades and the Middle East energy crisis weighing on hopes of future economic growth.

AAP

Female scientists transforming STEM knowledge gaps

After a government women in STEM initiative ended, female scientists have taken it upon themselves to continue filling research gaps to improve health outcomes.

AAP

Big bank takes action as Middle East crisis rolls on

National Australia Bank has followed Westpac to apply new measures to head off the impact of the Middle East conflict on its balance sheet.

The Guardian - AU

Ben Roberts-Smith denies war crimes allegations – As it happened

All the day’s news as it unfolded

AAP

Warning for borrowers as RBA frets over its credibility

The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.

AAP

Fraud case stalls against fugitive developer's daughter

Plea negotiations for the lawyer daughter of fugitive property developer Jean Nassif are bogged down despite months of assurances the case would resolve.

The Guardian - AU

‘Stagflationary shock’ from Iran war a ‘nightmare’ as confidence crashes among Australian households

Weakened economic activity, soaring fuel prices and rising inflation have created a horror scenario, RBA deputy governor says

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