Sun, 3rd Mar 2024
from Finance News Wrap Hosted by Paige Estritori
This episode of the Weekly Finance News Wrap discusses various financial topics. In real estate, mortgage commitments to investors have risen, countering fears of a retreat. There's also been an 18% growth in sales of investment properties. The ANZ bank is set to acquire Suncorp, pending approval from the Treasurer and Queensland authorities. In the financial advisory community, podcast co-host Canna Campbell is ordered to pay in a trademark dispute. Lastly, a report from the Banking Code Compliance Committee reveals a 40% surge in banks violating financial hardship rules this year. Despite most of these violations being due to human error, flawed processes, and technology gaps, banks are looking to strengthen oversight measures. The episode encourages listeners to stay informed and financially savvy.n
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