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The Latest Breaking News from Westpac

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

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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.

AAP

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 Guardian - AU

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

Right now things feel awful.

The Conversation

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

The Guardian - AU

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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.

AAP

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

The Guardian - AU

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'.

Newcastle Herald

Westpac chopper brought hope to baby Henry's parents in desperate hour

The Westpac Rescue Helicopter Service flies 1500 missions a year

Newcastle Herald

Stand by for a pay rise on top of a tax cut. Here’s why things will feel better from July

At the moment, things look awful.

The Conversation

Aussie shares slip in lead up to AI chipmaker earnings

The ASX200 finished down 0.2 per cent amid job layoffs by Telstra and underwhelming earnings reports from James Hardie and Sonic Healthcare.

AAP

Is the 2024 budget inflationary? Warwick McKibbin and other economists say ‘yes’

Former RBA board member among experts who say Albanese government’s third budget is likely to at least delay next interest rate cut

The Guardian - AU

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AAP

Australian shares dip ahead of US inflation data

The ASX200 has dipped 0.3 per cent as traders wait to see if US inflation has cooled.

AAP

Aussie shares rise on renewed hope for rate cuts

The ASX200 has finished up 0.7 per cent with gains led by property sector after a weak US jobs report renewed hopes for an earlier rate cut.

Top News

Westpac Announces 1 Million Buyback And Special Dividend

Westpac announces 1 million buyback and special dividend to enhance shareholder value amidst profit slump.

AAP

Australian shares rise as risk appetite returns

The ASX200 closed the day 0.6 per cent higher, with all sectors gaining ground, to finish the week 0.7 per cent higher.

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news in one place.

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AAP

Aussie shares rise as US Fed says rate hikes unlikely

The ASX200 has finished 0.2 per cent higher as investors took a dovish view of the Federal Reserve chairman's comments on interest rates.

AAP

Jobs bright spot for consumers as economy teeters

Consumer sentiment has been tracking at low levels for two years and is showing few signs of material improvement.

Newcastle Herald

Our life-saving aerial services deserve a better deal from governments

Letters: 'They are the salt of our country.'

Newcastle Herald

Meet Westpac Helicopter Rescue's new CEO

'It's about serving and supporting the community.'

The Canberra Times

Woman drowns despite surfers' desperate rescue attempt at Pebbly Beach

Two surfers dragged her onto their boards and performed CPR.

AAP

Australian shares gain ground after dovish RBA meeting

The ASX200 has finished up a third of a percentage point after the Reserve Bank moved to a more neutral stance on interest rates, dropping its tightening bias.

Newcastle Herald

Repacholi blasts 'Sydney fat cats' over bank closure in double-barrel spray

The region has been rocked by two branch closures.

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