Finance News Wrap

Tue, 19th Nov 2024


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In this week's Weekly Finance News Wrap, we delve into ongoing concerns in Australia's banking sector, with NAB facing a legal case for unsuitable delays in responding to loan hardship applications. Meanwhile, the Australian job market remains steady with an unchanged unemployment rate at 4.1%. Wage growth has hit 3.5%, hinting the Reserve Bank of Australia might not cut interest rates soon. In the UK, a massive penalty has been imposed on the owner of Inspire Insurance Services, emphasizing the importance of financial transparency. Finally, we explore the booming Australian ETF market, with record inflows of $23.7 billion this year. For more finance advice, visit financialservicesonline.com.au.
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Finance News WrapBy Paige Estritori