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The Latest Breaking News from Westpac

AAP Rolling News Bulletin May 27, 1700

AAP Rolling News Bulletin for May 27 at 1700

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AAP Rolling News Bulletin for May 27 at 1600

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FED: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.

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AAP Rolling News Bulletin May 27, 1530

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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.

Newcastle Herald

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

Hospital caught in 'various legal and cost disputes'.

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AAP

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.

AAP

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.

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.

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