Wed, 12th Mar 2025

In this week's update from Financial Services Online, we discuss Star Entertainment Group's significant $940 million refinancing plan in response to spiralling debts and various other allegations. In regulatory news, the Financial Advice Association Australia is advocating for ASIC investigation reform, urging for greater transparency and business accountability. Research from Fidelity International reveals a significant gender gap in seeking financial advice, with only 16% of women utilising financial advisers. However, increasing interest amongst Gen Z women signals a future shift in women's financial confidence. Lastly, we focus on Tesla's recent dip in shares over consecutive weeks, raising concerns over Elon Musk's involvement in Washington politics. Though the auto giant has lost a significant amount from its market cap, some analysts see this as an opportunity for potential investors.n