Sat, 31st Aug 2024

On this week's Financial Services Online wrap with Paige Estritori, the spotlight is on a parliamentary inquiry into Commonwealth Bank and Westpac, regarding transparency and treatment amidst fluctuating interest rates and the growing issue of financial scams. The show also discusses the dip in inflation to 3.5% in July largely due to the government's 300-dollar energy bill relief fund, yet experts warn these temporal aids do not address the underlying inflation issues. Also highlighted is JPMorgan's decision to wind up its Sustainable Infrastructure Fund despite a commitment to sustainable investing. Lastly, Commonwealth Bank's aggressive rate slashes in the home lending market and the resulting effect on other banks is explored. For detailed updates on the pulse of the Australian financial landscape, stay tuned in.n