Finance News Wrap

Sat, 21st Dec 2024


Listen Later

This episode of the Weekly Finance News Wrap covers major financial updates, starting from the brewing shareholder dissatisfaction at ANZ due to the bond trading scandal and remuneration plans. Following an investigation by ASIC into the sale of $14 billion worth of government bonds and allegations of market manipulation, ANZs CEO has foregone his long-term bonus, and APRA has imposed a $250 million capital obligation on ANZ. Australian homeowners could face rising mortgage rates after the holiday season, despite the Reserve Bank of Australia maintaining a steady cash rate. However, Pengana Credit's CEO reports strong private credit maintenance and significant growth in the sector. In a major reform, Treasurer Jim Chalmers plans to introduce new advisory boards filled with corporate expertise to overhaul the Reserve Bank of Australia.
...more
View all episodesView all episodes
Download on the App Store

Finance News WrapBy Paige Estritori