Fri, 25th Oct 2024

In this episode, Paige Estritori covers a range of financial news in Australia. ASIC takes QBE Insurance Group to court over alleged pricing discrepancies, impacting over half a million policyholders. QBE has set aside $112 million as a response. Moving on to banking, ANZ Bank's closure of its only Blue Mountains branch triggers public criticism, especially affecting those finding it difficult to access digital banking services. The episode also mentions the IMF's concerns about potential liquidity issues with Australia's superannuation industry due to a large percent of super assets being tied up in less liquid investments. Lastly, the closure of over 1,900 hospitality businesses last year, due to various factors including increasing costs and the pandemic, hints at a turbulent future for the sector, but with potential for a leaner, more resilient café market. Tune in for more financial news and updates.n