Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Westpac

Bank chiefs don't rate a quick end to costs crunch

Interest rates might have reached their peak but the head of Westpac says many households are still grappling with tight budgets.

AAP

The horror, the horror: banks are having to compete for our business by offering better rates

Don’t buy the banks’ sob story. They are annoyed Australians are becoming more savvy at shopping around for better deals for their home loans

The Guardian - AU

Labor pumps $160m into Westpac fund offering lower-interest loans for household energy upgrades

But the loans are only available to those who already have or are approved for a Westpac home or investment loan of at least $150,000

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Meeting minutes to show RBA dancing to its own beat

Markets will turn their attention to the Reserve Bank's latest board meeting minutes but they might be better off looking further afield for new insights.

AAP

Australia’s productivity riddle – and what it might mean for interest rates

Michele Bullock keeps telling us productivity is flatlining. How it changes may well determine if the Reserve Bank will tolerate wage rises beyond 3%

The Guardian - AU

CommBank flips on fossil fuels as other banks fund Australia’s worst climate culprit

The Commonwealth Bank has set the standard for banking in a climate crisis: it will no longer offer services to companies without a serious transition plan to net zero.

Crikey

Mixed jobs data gives RBA more food for thought

Record jobs participation will keep the Reserve Bank wary of cutting rates, despite unemployment rising in July to the highest level since November 2021.

AAP

Read news from The Economist, FT, and more,
with one subscription

Commonwealth Bank to stop financing fossil fuel companies that don’t comply with Paris climate goals

Shareholders and customers of ANZ, Westpac and NAB are bound to demand their banks do the same, expert says

The Guardian - AU

Australian shares higher as gold hits record high

The ASX200 has finished higher, with losses for CSL and Seek and gains for Temple & Webster and goldminers.

AAP

Commonwealth Bank still predicts interest rate cut in 2024 as RBA defends keeping cash rate on hold

Reserve Bank’s chief economist says it is ‘difficult’ to hear the stories of those who ‘are struggling’

The Guardian - AU

Tech fuels shares turnaround amid muted Biden response

The ASX200 has snapped a three-day losing streak led by tech stocks, while the Australian dollar closed lower for a seventh consecutive day.

AAP

Microsoft outage: how Australian airports, banks and supermarkets were affected by major IT meltdown

Home affairs minister Clare O’Neil says outage would take ‘some time to resolve’ following problems caused by a CrowdStrike cybersecurity software update

The Guardian - AU

Banks improve climate funding, but work to do: report

The big four banks have made significant strides to curb lending for fossil fuel projects but a report says they still have not met their own climate targets.

AAP

Australia’s big banks lent $3.6bn to fossil fuel expansion projects in 2023, report shows

Lending puts banks in ‘complete violation’ of commitments to Paris agreement, climate group says, even as overall funding to sector ebbs

The Guardian - AU

Get all your
news in one place.

100’s of premium titles.
One news app.

AAP

Banks lashed for ripping off poorer customers

The market watchdog has slammed four major banks for causing financial distress to more than two million Australians by systematically overcharging on fees.

AAP

Aussie shares hit record high amid talk of US rate cuts

The ASX200 rose 0.8 per cent to set its sixth all-time high of 2024 and finished the week just over 40 points away from the 8,000 mark.

AAP

Australian shares dip after Fed chair's speech

The ASX has clawed back most of its morning losses to finish 0.2 per cent lower after the US central bank chairman's testimony failed to sway rate expectations.

AAP

Aussie shares rally ahead of Fed chairman's testimony

The ASX200 finished up 0.86 per cent ahead of overnight congressional testimony by Fed chairman Jerome Powell.

Get all your
news in one place.

100’s of premium titles.
One news app.

The Guardian - AU

Can Australia’s borrowers dodge another interest rate hike? We’ll know more soon

May’s inflation figures sent alarm bells ringing that the RBA would hike rates. But technically we are still on track for the central bank’s target

The Conversation

The good news is the Australian economy is about to turn up. Here’s why

Right now things feel awful.

The Guardian - AU

Westpac customers in Tennant Creek unable to buy food after ‘disastrous’ branch closure, critics say

Banking watchdog finds Westpac committed ‘serious and systematic’ breaches when closing remote NT branch in 2022

AAP

Westpac sanctioned over 'serious' bank closure breach

Westpac breached banking protocols when it suddenly closed an outback branch, leaving the community to rely on a local charity, an investigation has found.

The Guardian - AU

No interest rate relief predicted this year, major bank tells mortgage holders

ANZ first big bank to push prediction of Reserve Bank interest rate cut into 2025

Newcastle Herald

When the sirens stop, the road to recovery for first responders starts

The Greta bus crash shattered the Hunter. But those who helped are 'some of our best'.

Crikey

The Nine board response to Wick scandal mirrors a corporate culture addicted to ‘good news’

Nine’s CEO claims he had no idea about the alleged toxic behaviour of a senior executive. Why is it that corporate bosses never seem to know what’s happening in their own corporations?

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.