Business
Retiree incomes slashed after Westpac presses pause on dividends – The New Daily
As many as one million retirees could suffer a hit to their incomes after Westpac became the first major bank to scrap its first-half dividend payment.
Advocacy groups say up to one million retirees could suffer an income hit after Westpac became the first major bank to scrap its first-half dividend payment.
Australia’s second-largest bank told shareholders on Tuesday that despite enjoying $1.32 billion in unaudited cash earnings over the past quarter, it would press pause on dividends until at least November to account for lower profit margins and a forecast rise in bad debts.
One bright light: The number of mortgagees with deferred loans de…
-
Noosa News23 hours agoWest Coast Eagles draftee Josh Lindsay wants to carry on Troy Selwood’s legacy
-
Noosa News24 hours agoHunt for suspects after family’s pregnant horse found shot dead on rural Queensland property
-
General10 hours agoGrieving parents of 4yo boy who drowned in Officer suing Melbourne Water, Cardinia council
-
Noosa News22 hours agoFormer Sea World Helicopters worker tells inquest there was ‘nothing out of the ordinary’ before deadly crash