Westpac

Home owners are ringing in the festive period with a present they cant re-gift, after the RBA announced a rate hike for the month of December.

The major bank has warned Australians to be on the lookout for scams leading up to the summer holidays after a rise in fraud calls.

A recent study has shown the correlation between commercial finance turnaround times and broker usage.

Westpac is set to have its risk capital add-on reduced by $500 million after positive progress to improve risk governance, culture and risk management.

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The major has revealed it is rolling out a new medium- to long-term investment product for delivering “improved social outcomes.”

All four major banks plus Macquarie, Bendigo, Adelaide and ING will pass on last week’s 50-bp rate hike.

Tight incomes, high interest rates, and cost-of-living struggles have not deterred over half of would-be home buyers, the major bank’s survey has found.

Former Westpac institutional bank chief executive Lyn Cobley has joined the Commonwealth Bank of Australia’s board of directors.

The latest appointment will help drive digital transformation at the major.

Confidence is recovering faster for mortgagors than for tenants and those who fully own their property, Westpac has revealed.

Most big four banks expect a 0.25 per cent rate hike today, but recent inflation data may have put 50bps back on the table.

The chief executive of Deutsche Bank, Australia and New Zealand, has joined Westpac’s executive leadership team.

It is highly likely another 25-bp hike is ‘coming down the chimney’ today, major bank economists have suggested.

The major bank has recorded a shift in home buyer sentiment, however, levels still remain weak by historical standards.