Global bank slashes 5000 jobs, layoffs continue at Aussie lenders
UK banking giant Barclays will shed thousands of jobs as it turns to AI for improving profits and trimming costs.
Westpac Banking Corporation
Westpac to axe hundreds of jobs on another grim day for Australia’s banking sector
It is the second mass job loss at a major bank in Australia this week.
Struggling Aussies hit with another rates blow
However, it wasn’t all doom and gloom for Aussies.
- Explainer
- Australian economy
Is a recession coming? Economist warns another rate hike could push Australia towards the brink
As major banks prepare for a November rate hike, a leading economist warns one more move could plunge Australia into recession.
Inflation hits four-month high as major bank tips November rate hike
It’s the news no Australian wants to hear as we edge closer to Christmas.
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Over 300,000 first homebuyers now risk being stuck in ‘mortgage prison’
Borrowers using a deposit less than 20 per cent could be trapped with a lender for years.
Australia’s big banks hike fees, slash rewards as card surcharge ban looms
Ahead of major changes from October 1.
‘It was like a murder scene’: Sydney man details alleged brutal assault following breakup talk
Callum Forbes has spoken after his partner allegedly beat him with a saucepan and doused him with boiling water while on holiday in Europe.
- Exclusive
- Property market
The biggest losers of Australia’s property slump
As loan applications drastically drop across the country.
Westpac says home loan applications dropped by 20 per cent since budget reforms
Several banks are reporting the concerning findings.