Westpac raises fixed home loan rateJacob Greber
Expenses rose by 2% due to increased investment spending, primarily concentrated in the second half of 2024. Additionally, high interest rates and rising cost-of-living pressures are affecting households’ ability to make timely loan repayments and impacting the performance of Australian banks. Banks...
(Reuters) - Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring inflation, a local trade body said. The Finance Sector Union of Australia (...
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