The Latest Breaking News from Westpac

Households are hoping interest rates will reach their peak soon and home prices may start to rise. However, rising inflation and interest rates have businesses worried about the future.

Westpac says it won't make an offer for Tyro Payments, which has also rejected a bid from Potentia Capital Management.

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