The Latest Breaking News from Westpac

A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.

A Sydney man says he was acting in self-defence after admitting he strangled his wife in their family home in May 2020.

A man accused of murdering his wife told police he strangled her in their western Sydney home because he wanted freedom from her bullying and nagging.

Westpac has posted an annual profit of $5 billion-plus and says while interest rate rises will bite, many customers remain ahead on their mortgage repayments.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is launching an investigation into two of the nation's biggest online sports betting companies over money laundering concerns and warns that it wants the multi-billion-dollar gambling industry to "lift its game".

It’s hard to recall a time when the interest rate forecasts of economists were as widely, and wildly, different as they are now.

A flurry of banks have passed on interest rate rises to borrowers after the Reserve Bank increased the cash rate by 0.25 percentage points on Tuesday.

Two of Australia’s biggest banks predict the Reserve Bank will revise the inflation rate to 8% – the highest since March 1990

Mortgage holders are likely to see repayments jump even higher as the inflation dragon proves harder to slay than expected.

Since 2017, Australia has seen a 30 per cent drop in available bank branches nationally, with more than 300 closing in the past financial year.

The Finance Sector Union says Westpac has announced the closure of 23 of its group's branches across Australia, with the loss of 92 jobs.