Bankwest

The Australian banking landscape has seen multiple mergers over the years that are continuously narrowing the competition. What do these decisions mean for the future of Australian ...

Recent data has detailed the spending habits of Aussies, with younger consumers and families skewing the statistics dramatically.

West Australians are spending significantly less in the new year thus far, latest Bankwest data has revealed.

The CBA subsidiary will close 45 branches in Western Australia and rely more heavily on the broker channel as it has announced its move to become a digital bank.

The major bank’s subsidiary has announced the introduction of additional progress payments to support Western Australia’s housing supply.

Another lender has announced it will be withdrawing its cashback offer from market from 31 May.

Amid prevailing economic challenges, there’s a burgeoning surge of confidence among young aspiring home buyers in Western Australia, a trend defying the norms set by older generations.

Latest figures suggest current economic reality is becoming “more apparent” to Western Australians, Bankwest has said.

The latest report from the non-major bank has found more elderly financial abuse victims “suffer in silence” and are uncertain about seeking support.

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The bank has told the inquiry that its strategy was to grow as a “digital and broker-first bank for home buyers”.

“One of the ways forward … is our ability to see what brokers see,” Bankwest’s Ian Rakhit has said.