Wed, 28th Aug 2024

In this episode of Financial Services Online's Weekly Finance News Wrap, we delve into the ongoing rate wars among leading lenders like Commonwealth Bank, Westpac, and National Australia Bank. Amidst fluctuating market conditions, these financial institutions are providing substantial rate cuts, both fixed and variable, to attract borrowers. We also highlight the revised reference checking protocol implemented by the Australian Securities and Investments Commission, aiming to fortify the mortgage broking industry. Shifting our focus to the Perth property market, we note a significant price surge despite inherent risks tied to falling iron ore prices. Lastly, we discuss the customer dissatisfaction with National Australia Bank due to recurring technical glitches in their online services. For a detailed finance update and more, tune in till the end.