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The Latest Breaking News from Westpac

AAP Rolling News Bulletin May 27, 1830

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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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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.

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news in one place.

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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'.

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.

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