In this week's finance update, Australia's Financial Services Online covers four main stories. Firstly, Australian Unity parts with its $1.6 billion banking operations, refocusing on wealth management, insurance, and health sectors to better tackle digitalization and competition. Secondly, the Financial Services Council expresses concerns over a proposal for increased vetting scrutiny on verifying wholesale investor status, which could affect competitiveness in sectors reliant on wholesale funds. Thirdly, RBA Governor Michele Bullock defends her conservative approach on interest rate cuts amidst ongoing inflation, emphasizing stability over rapid rate cuts. Lastly, the podcast explores increasing difficulties in achieving home ownership, with recent data revealing that only 14% of Australian homes are attainable for households with an average income of AUD 112,000. The podcast promises to continue delivering important financial insights, advising listeners to keep an eye on the financial horizon for future security.n