Mon, 23rd Dec 2024

This episode of the Financial Services Online finance news hosted by Paige Estritori discusses the ANZ bank executive pay controversy amidst allegations of a bond trading scandal, which has seen the Australian Prudential Regulation Authority impose a $250 million capital obligation on ANZ for risk management issues. The episode also covers recent developments in the Australian property market, including unexpected increases in both fixed and variable rates by leading lenders, despite the Reserve Bank of Australia holding the cash rate steady. This change has heightened the financial pressure on Australian homeowners as the festive season approaches. Finally, the podcast touches on private credit's robust standing, owing to structural shifts in banking, and its growth to US$1.5 trillion by 2024, according to Nehemiah Richardson, CEO of Pengana Credit.