Fri, 21st Nov 2025

In this week's finance news, major Australian banks are re-strategizing their mortgage lending approach, moving away from dependence on mortgage brokers due to lower interest rates, increased costs, and competitive industry changes. Instead, banks are prioritizing in-house lending, offering potential home buyers the opportunity for a more direct relationship with their lender. As part of this shift, Westpac has made the decision to divest its RAMS mortgage portfolio, a move to simplify operations and focus on core banking. Meanwhile, the Australian marine manufacturing sector faces a skills shortage that could impact economic growth, calling for government support and recognition. On a lighter note, the Sydney International On-Water Boat Show 2025 promises maritime enthusiasts an array of live entertainment, industry insights, and new product unveilings. Stay informed with Financial Services Online.