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The Latest Breaking News from Westpac

As more Australians save, banks are cutting interest rates for deposits faster than the RBA’s official cash rate

‘Money in the bank is at a record high, so banks aren’t having to compete for people’s deposits,’ Canstar’s Sally Tindall says

The Guardian - AU

Aussie shares set new record on strong China growth

The ASX200 has climbed 0.7 per cent to finish above 8,600 for the first time, and was also within 10 points of its all-time intraday high.

AAP

'Get on with it': next move key with rate cut baked in

With markets all but assured the Reserve Bank board will cut interest rates at its upcoming meeting, the bigger question for traders is what they say next.

AAP

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Beyond carbon: big four banks urged to capture more gas

It is a potent greenhouse gas responsible for climate change, but a report has found Australia's major banks have yet to single out methane emissions.

AAP

Long way to go to stop lending for deforestation

A number of bank-financed landholders might be involved in illegal landclearing, raising questions about lender exposure to risky nature destruction.

AAP

Homebuyers stand to win as big bank ups rate-cut bet

Westpac's chief economist has added two more rate cuts to her forecast for 2026 with lower immigration expected to drive down rents and inflation.

AAP

RAMS franchisees hit back over Westpac 'blame shifting'

Franchisees in a Westpac subsidiary accused of misconduct have challenged the findings and the bank's resulting termination of agreements.

AAP

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Coronial investigation into death of Kumanjayi White on hold during criminal investigation – as it happened

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The Guardian - AU

Economy stalls as private sector fails to pick up slack

More rate cuts might be needed to boost Australia's fragile economy with soft household consumption figures contributing to stalled growth.

AAP

Australian shares retreat as inflation comes in hot

The ASX has handed back its early gains with interest, after an overnight Wall Street rally wasn't enough to outweigh losses in materials and financials stocks.

AAP

Egg, housing costs might fry hopes of earlier rate cut

Headline inflation has held steady but came in hotter than economists expected in the year to April. Whether it's a blip or something else remains to be seen.

AAP

Ailing hospital operator vows wards will stay open

Tens of thousands of Australian hospital workers are being assured their jobs are safe as a lifeline from banks props up a major private health operator.

AAP

Shareholders drag Macquarie over coals on net zero

A leading investment bank has come under pressure from shareholders demanding to know how its growing exposure to fossil fuel squares with net-zero ambitions.

AAP

'Eye-watering': CBA shares break all-time highs

Commonwealth Bank shares have surged to record levels yet again, but experts say its earnings don't justify the price tag.

AAP

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AAP

ANZ shares sell-off after flat cash profit of $3.6b

Investors have hit sell on ANZ shares after the big four bank posted a cash profit less than what the market hoped to see.

AAP

Westpac shares slip amid profit dip, volatile outlook

Westpac CEO Anthony Miller says Australia is well-positioned to weather storms in the world economy and he's looking forward to working with a Labor government.

Pedestrian.tv

Almost 100 Staff Logins At Australia’s Big Four Banks Stolen By Cybercriminals

The news comes days after another investigation found more than 31,000 banking passwords had been stolen using the same kind of malware.

AAP

Australian shares gain more ground as tariff talk eases

The Australian share market has gained for a third straight session as hopes of US trade deals help investor sentiment settle after weeks of uncertainty.

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AAP

Tech tariff pivot helps Australian shares take a breath

A development in the US-China tariff war has nudged Australian shares higher with the White House carving out smartphones, computers and other electronics.

AAP

Australian shares rebound but tariffs cast a shadow

The Australian share market has begun April with a healthy rebound, but investors and the Reserve Bank are still wary about global policy shifts and growth.

AAP

Aussie shares end week higher but red quarter looms

Trade war fears have returned and sent jitters through equities markets, as investors take cash off the table to measure the costs of incoming tariffs.

The Guardian - AU

Chalmers delivers 2025 budget speech – as it happened

This blog is now closed

AAP

Miners and energy stocks lead Australian shares higher

The local bourse has crawled out of correction territory after concerns about US growth and Donald Trump's trade war prompted a sell-off last week.

AAP

Aussie shares plunge to five-week low on weak earnings

The ASX200 finished down 1.2 per cent on its biggest day of earnings season, with heavy losses for the big four banks, Fortescue and Goodman Group.

AAP

Banking, goldminers drag Aussie shares lower

The ASX200 fell 0.2 per cent, with the financial sector doing especially poorly after disappointing earnings from Westpac and Bendigo and Adelaide.

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