Westpac

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Australia’s banks likely to reduce lending to regions and sectors at risk of climate change impacts, regulator says
Apra finds country’s banks may be more vulnerable to economic downturns as they face threefold increase in lending losses

Adam Morton Climate and environment editor

30, Nov, 2022 @8:27 AM

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Australian banks hit with payment transfer outage as RBA blames technical error
Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog

Australian Associated Press and Josh Taylor

13, Oct, 2022 @2:52 AM

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Westpac’s climate targets blasted by activists despite tougher stance on fossil fuels
Bank tightens rules on financing coal, oil and gas projects but environmental groups say it’s not enough

Ben Butler

27, Jul, 2022 @4:20 AM

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Working from home: major Australian employers respond to latest Covid health advice
Telstra and Westpac advise staff to work from home if possible while government departments are yet to shift work settings

Josh Butler and Rafqa Touma

20, Jul, 2022 @8:36 AM

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Consumer confidence plunges to worst level since peak of pandemic, Westpac survey shows
Experts say stretched businesses could face further pain as people cut spending and award wages rise

Ben Butler

15, Jun, 2022 @7:33 AM

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Westpac fined $40m for charging fees to the dead
Judge says bank ‘utterly failed to address the issues systematically’ as its total penalties for misconduct rise to $130m

Ben Butler

22, Apr, 2022 @6:13 AM

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Westpac admits it broke law and agrees to pay $113m in penalties
Asic hit bank with six lawsuits over shoddy treatment of customers – including charging fees to dead people

Ben Butler

30, Nov, 2021 @12:17 AM

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Asic accuses Westpac of insider trading over $12bn Ausgrid privatisation deal
Corporate regulator alleges the big bank used inside information to execute the largest interest rate swap in Australian history

Ben Butler

05, May, 2021 @7:05 AM

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Under the cover of Covid, Morrison wants to scrap my government's predatory lending protections | Kevin Rudd
The PM wants to repeal laws my government introduced to protect Australians – and the banks are popping champagne corks

Kevin Rudd

05, Oct, 2020 @3:16 AM

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Westpac to pay record $1.3bn fine after money laundering and child exploitation investigation
Australian bank is accused of breaching laws more than 23m times including allowing customer transfers consistent with child exploitation

Ben Butler

23, Sep, 2020 @10:35 PM

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Westpac says money laundering and counter-terrorism breaches may be 450,000 more than suspected
Bank discloses more breaches to Austrac in response to scandal that resulted in legal action and resignation of CEO and chairman

Ben Butler

28, Jul, 2020 @1:35 AM

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Australian car buyers launch class action against Westpac over alleged secret dealer commissions
Hundreds of thousands of buyers allegedly paid as much as three times the normal bank interest rate when arranging finance through a car dealer

Ben Butler

16, Jul, 2020 @10:39 AM

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