Tue, 24th Dec 2024

This podcast episode covers Australia's most recent finance news. Key topics include the backlash against ANZ from shareholders over executive pay tied to a bond trading scandal, leading to a 38.3% vote against ANZ's remuneration plans during the annual meeting. Amid this complexity, Australian homeowners are faced with increasing mortgage rates, as lenders raise both fixed and variable rates. A potential 25 basis point rate cut gives some hope for relief. Furthermore, despite interest rate changes, Nehemiah Richardson of Pengana Credit sees an undercurrent of momentum in the private credit sector, which has grown significantly since the Global Financial Crisis. This week yields a mix of the executive pay controversy, mortgage rate surprises, and ongoing private credit strength. For more, visit financialservicesonline.com.au.