Fri, 21st Nov 2025

In this episode, Paige Estritori discusses key developments in the Australian financial sector for November 21, 2025. Major Australian banks are shifting their mortgage strategies, moving towards more direct customer relations and reducing broker reliance due to mounting costs and lower interest rates. Commonwealth Bank leads this trend with only 32% of broker-originated loans. Meanwhile, Westpac announces the sale of its RAMS mortgage portfolio to a consortium, indicating a simplification of its operations. Discussion also covers a call from the Boating Industry Association for increased government support in Australia's marine manufacturing industry due to a skills shortage. Lastly, Estritori announces the return of the Sydney International On-Water Boat Show, a major marine event. Stay tuned to Financial Services Online for continuous updates on the finance sector.