The Federal Reserve on Wednesday approved its second straight interest rate cut, a widely expected move that came despite little recent visibility on the economy due to the government shutdown. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. Read more: cnb.cx/4oH4tGz | CNBC

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The Government needs to make banks serve the people, not control them. “Bank branches keep getting harder to find with the latest figures showing 155 closed this past financial year. Data from the banking watchdog shows 1564 bank branches have shut over the past five years, with the Commonwealth Bank leading the cull in the 12 months to the end of June.” And “Westpac will pay a $20m fine after the Federal Court ruled its rogue home loans arm RAMS engaged in systemic misconduct for years. RAMS, w