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The Latest Breaking News from Westpac

Consumers feel finances slide but hold hope for future

Easing inflation is increasing the likelihood of a near-term rate cut, which would provide a welcome boost to consumer sentiment in 2025.

AAP

Aussie shares, dollar slide as US rate-cut odds dim

The ASX200 fell 1.2 per cent and the dollar hit a nearly five-year low after a strong US jobs report lowered expectations for quick rate cuts.

AAP

Australia's bullet-proof jobs market put to the test

Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.

AAP

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Sea and air search under way for 15-year-old boy swept off rock shelf at NSW beach

Emergency services called to North Avoca beach on the Central Coast at about 3pm on Tuesday

The Guardian - AU

Activists want banks' actions to match words on climate

Activists are heartened that Australia's big banks took steps to limit lending to fossil fuel companies this year, but also have questions.

AAP

Borrowing blowout tipped in mid-year budget update

The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.

AAP

Westpac shareholders question bank's climate plan

Westpac shareholder activists have questioned bank executives about how its climate change policies will be applied.

AAP

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How China uncertainty could push back RBA rate cut

Unexpected jobs figures have diminished hopes of an interest rate cut in February but favourable inflation data could put lower mortgage costs back on the menu.

AAP

What’s fair in the fight to keep bank branches open and access to cash alive?

On Tuesday, Commonwealth Bank announced it was planning to move customers using one of its legacy accounts to its newer “Smart Access” account.

The Conversation

Future Fund unveils big vote of no confidence in Australia’s banks

Why has the Future Fund cut its deposits in Australia’s major banks by up to 90%? Seems it isn’t happy with the interest rates on offer.

Crikey

Spotlight on monthly inflation numbers

Inflation figures and a speech from the head of the Reserve Bank of Australia will dominate the economic agenda this week.

AAP

How the Westpac rescue helicopter saved a future Paralympian and mother

'On your worst day that chopper will be the best thing that could ever happen to you.'

Newcastle Herald

Westpac's profit dips to $7b as mortgage stress eases

Westpac has posted an annual profit of $7 billion and lifted its final dividend, in Peter King's last financial result as chief executive.

AAP

Community rallies around newlywed mum after horror lawn mowing accident

Megan McKee was scheduled for amputation surgery in Newcastle on Friday.

Newcastle Herald

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AAP

ASX ends worst week since August after global sell-off

The ASX200 has fallen 0.5 per cent after worrying earnings forecasts from US tech stocks and diminishing rate cut hopes in Europe dampened risk sentiment.

Newcastle Herald

A diver was alone in rough seas for three hours, then the helicopter appeared

Westpac heroes in the spotlight as survivors share powerful stories.

AAP

Mideast war not behind Aussie inflation: opposition

Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says.

AAP

Banks at odds over easing lending restrictions

Easing lending requirements so more first homebuyers can get a mortgage has received mixed reviews, with warnings more borrowers would face crippling debt.

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AAP

Win for banks over fugitive's 'audacious' $500m fraud

Westpac and two other banks can recoup funds taken through a $500 million fraud perpetrated by a fugitive former football club owner and his associates.

AAP

Wanted: $100m investment fund seeks green Aussie tech

A multimillion-dollar venture capital fund, backed by 50 companies including Westpac, is looking for clean energy innovations that could go global.

AAP

Footy and music fans hit by fake tickets 'scam-demic'

Scammers are pivoting to footy tickets and breaking the hearts of diehard fans as new data shows where people are caught out most often.

Crikey

No RBA rate cut yet, but governor Bullock is about to find the pressure overwhelming

It’s easy to see why Michele Bullock thinks temporary measures should be disregarded.

The Conversation

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming

Who’d want to be Reserve Bank Governor Michele Bullock? On Tuesday she had to do the almost impossible: defend a decision not to cut interest rates at a time when they were being cut in just about every other major industrial nation.

AAP

New fear unlocked: unemployment worries grip consumers

Consumers are becoming more concerned about the sluggish economy and what this could mean for jobs, with cost-of-living becoming a lower order worry.

AAP

Big banks help Australian share market to cash in

Shares in Commonwealth Bank and Macquarie have hit all-time highs, while Westpac hit its best level in nearly seven years.

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