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The Latest Breaking News from Westpac

Westpac Cuts 132 Jobs Across Divisions

Westpac's job cuts highlight challenges in banking sector amid industry transformations and cost-cutting measures.

Dozens of Australian businesses have gender pay gaps above 50%, landmark data reveals

Dozens of Australian businesses have gender pay gaps above 50%, landmark data reveals

Data showing nearly two-thirds of workplaces have a pay gap that favours men is being published in the hopes of ending disparity

The Guardian - AU

Westpac Reports Decline in First-Quarter Profit

Westpac Reports Decline in First-Quarter Profit

Learn about Westpac's financial performance as its profit falls in the first quarter from the prior half-yearly quarterly average.

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Australia's jobless rate hits two-year high

Fresh labour data is unlikely to shift the dial for the central bank despite the jobs market slowdown appearing a little ahead of schedule.

Westpac Guilty of Misconduct in 2016 Rate Swap Deal

Australia's Westpac has been found guilty of misconduct in a 2016 rate swap deal by the country's financial regulator. Find out more about this case.

Westpac to pay millions after 'unconscionable conduct'

After being taken to court by the corporate watchdog, Westpac has been penalised for engaging in in unconscionable conduct in 2016.

The incredible stories behind half-a-century of rescue helicopter

For 50 years, the buzz of the Westpac helicopter has brought comfort.

Newcastle Herald

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Good look at what spurs sabre rattling

Good look at what spurs sabre rattling

Maybe Lennon was 'a dreamer'.

Newcastle Herald

Tiwi Islanders call on NAB to stop investing in Santos

Tiwi Islanders call on NAB to stop investing in Santos

Tiwi Islanders want National Australia Bank to stop funding gas company Santos, which is trying to build the Barossa project off the NT coast.

Westpac borrowers 'coping well' with rates, inflation

Westpac borrowers 'coping well' with rates, inflation

The chairman and CEO of Westpac have told shareholders that the percentage of borrowers experiencing stress remains low.

Stronger than expected budget position to fuel calls for cost of living relief, economists say

Stronger than expected budget position to fuel calls for cost of living relief, economists say

Majority of additional revenue disclosed in midyear budget update likely to be banked to avoid further stoking inflation

The Guardian - AU

Australia’s economy 2023 report: how it started v how it’s going

Australia’s economy 2023 report: how it started v how it’s going

Stronger than expected population growth made inflation hardier than most experts predicted and property prices defied successive rate rises

The Guardian - AU

Morning Mail: Coalition flies to Cop28, Westpac suffers major outage, UK nuclear site hacked

Morning Mail: Coalition flies to Cop28, Westpac suffers major outage, UK nuclear site hacked

Customers lose access to accounts and cards after system update failure; conservative lobby groups fund trips by frontbenchers to Cop28

The Guardian - AU

Westpac customers access online accounts after outage

Westpac customers access online accounts after outage

Westpac customers have again been able to access their accounts after the bank said a "routine technology update" resulted in an online outage.

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Customers unable to reach accounts in Westpac outage

Some Westpac customers have been unable to reach their accounts after an apparent online outage, as the bank says it is working to rectify the issue.

The Guardian - AU

Westpac suffers online banking outage with customers shut out of accounts

People unable to view statements, pay bills or use credit cards after a problem during what the bank called a ‘technology update’

The Guardian - AU

Black Friday: Australian shoppers tipped to spend more than $6bn in four-day sales period

Retailers say online sales on Friday were 10-25% up on last year, with the shopping event becoming bigger than Boxing Day

Australian shares lift to move back above key marker

The ASX200 rose 0.8 per cent to climb back above the 7,000 level amid strong gains by the energy and mining sectors.

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Consumers, businesses still wary about the future

Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience.

What Westpac zero deforestation pledge means for ag

A zero deforestation target for agriculture set by Westpac has been described as "enormous" by the conservation movement but condemned by farmers.

Shareholder takes ANZ to court over climate risks

An ANZ shareholder will take the bank to court over concerns about its climate change and biodiversity loss risk management.

Migrants and change of government drive sharp forecast rise in house prices

The nascent return of first home buyers is set to be snuffed out by 'horribly unaffordable' house prices. Jonathan Milne reports.

The Guardian - AU

PwC to cut more than 330 jobs in Australia after scandal over misuse of Treasury information

Consultancy giant will close ‘skilled service hub’ in South Australia with more redundancies across national workforce

The Guardian - AU

Westpac’s profit jump is no surprise when the RBA favours banks over households

Further hiking of interest rates to meet a 2-3% inflation target will serve to enhance the financial sector, not consumers doing it tough

Westpac posts $7b profit, launches $1.5b share buyback

Westpac has posted a 26 per cent rise in net profit of $7.2 billion for 2022/23 and released a climate report which will affect lending to farmers.

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