Australia’s government will probe bank lending to small businesses as Prime Minister Malcolm Turnbull tries to stave off opposition calls for a broader inquiry into the financial industry.
The Ranfurly community will stand together in a rally today to support Westpac workers in the face of closure of the town’s only bank.
An elderly resident of Cherrywood already has 460 signatures on a petition he plans to give to Westpac this week, in a bid to stop the closure of the local branch
Nelson mayor Rachel Reese is set to engage with Westpac, after the bank announced last week the potential closure of branches around the country.
Two major banks have both dropped interest rates and raised deposit rates, in response to yesterday’s official cash rate cut.
A major bank may close up to 19 of its branches across the country as a result of rising online transactions.
The bank's new rates are among the most competitive in the market
A public forum seems an appropriate step, says chairman
New chief financial officer will "bring quality to the table as a member of the executive team"