Sun, 19th Oct 2025

In this episode of the Weekly Finance News Wrap, Paige Estritori discusses major news in Australian finance. Westpac Banking Corp is strategically selling its auto finance loan book to Resimac Group, reflecting a focus on core banking operations. This aligns with Westpac's previous divestments and offers Resimac an opportunity for strategic growth. In regulatory news, ANZ Bank faces a heavy penalty of 240 million Australian dollars from ASIC due to offences including misleading the government on a large bond deal and neglecting customer hardships. Additionally, ASIC has begun a comprehensive review of motor vehicle finance practices targeted towards regional, remote, and First Nations communities. Estritori also covers an industrial innovation, as Crusader Caravans introduces a budget-friendly line of Australian-made caravans. Finally, she encourages consumers to stay informed and vigilant in their financial dealings.n