A class action is launched against one of Australia's biggest banks, alleging irresponsible lending practices.
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Westpac hit with class action over 'irresponsible' home loansWestpac will face a class action in the Federal Court, with the bank accused of irresponsibly granting home loans to people who couldn't afford them.
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Wespac facing home loans class actionWestpac is facing a class action for allegedly giving loans to people who couldn't afford to pay them back. 9News
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Westpac faces responsible lending class actionWestpac is facing the first class action against a major bank in the wake of the Hayne royal commission into financial misconduct | clancyyeates
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ANZ admits it was 'overly conservative' in home loansWith its mortgage book shrinking, ANZ chief Shayne Elliott concedes the bank may have been too cautious in its home lending decisions.
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Westpac share price lifts on bigger profit marginsWestpac's share price rises on a trading update showing the banking giant reaped $2.04 billion in profits during the last three months of 2018, thanks to higher interest margins.
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Westpac's $2bn profit underscores advantages for 'big boy' banksWestpac appears to be weathering weak conditions in retail banking better than smaller rivals, notching up $2.04 billion in cash earnings in the latest quarter.
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Westpac tips two interest rate cuts this year as economy slowsThe bank also revised down its GDP growth forecasts for 2019 and 2020 and expects the unemployment rate to start rising in the second half of this year.
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Where has the money gone from 'Diamond' Joe Gutnick's loans?As he seeks to rebuild his fortune after bankruptcy, businessman Joseph Gutnick is being probed by the corporate watchdog over millions in loans
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Where has the money gone from 'Diamond' Joe Gutnick's loans?As he seeks to rebuild his fortune after bankruptcy, businessman Joseph Gutnick is being probed by the corporate watchdog over millions in loans
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