Sat, 22nd Nov 2025

In this episode of Daily Financial Services News Wrap, Paige Estritori discusses key movements in the world of finance. She notes the 1% rise in the first quarter cash profit of Australia's biggest bank, the Commonwealth Bank, primarily driven by increased home loans and household deposits. The major banks, facing margin squeeze from low interest rates and high operating costs, are reducing reliance on mortgage brokers for a more personalized customer experience. Also highlighted is the ASIC's finding of serious issues in the motor vehicle finance sector, with half of the loans defaulting within six months, pointing to affordability concerns. Lastly, Estritori reports an increase in the demand for premium used cars due to higher interest rates, fuel prices, and insurance premiums. She wraps up by emphasizing the importance of staying vigilant and making informed financial decisions.n