When Australian households currently struggling with cost of living pressure read headlines around Commonwealth Bank’s (CBA) latest record $10.2bn profit, the anger will no doubt be considerable as so many took out mortgages during a low interest rate environment. The competition during the Covid-19 induced a rate cut race toContinue Reading

One of Australia’s biggest banks has slashed hundreds of jobs “to reduce costs” despite raking in record profits in the last financial year. On Thursday, Westpac announced that it was cutting 300 roles, in its head office, customer support and contracting positions. The Financial Sector Union (FSU) has criticised theContinue Reading