Sun, 22nd Dec 2024
from Finance News Wrap Hosted by Paige Estritori
In this episode of the Weekly Finance News Wrap, we cover major financial events like the controversy around ANZ's executive pay amid allegations of market manipulation, leading to shareholder dissatisfaction and a $250m capital obligation imposed by APRA. Mortgage rates see a surprising rise in Australia even though the official cash rate remains steady. Special mention to Queensland Country Bank which decreases its variable rates before Christmas. Globally, the private credit industry defies expectations with robust growth despite potential interest rates' decline. Lastly, Australia's Reserve Bank sees significant reforms: the introduction of advisory boards for better decision-making and aligning with global standards. Despite some criticism, the Treasurer insists these changes are for the best.
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