Financial Services News Wrap

Financial Services News Wrap

Financial Services News Wrap, hosted by Paige Estritori, is your definitive source for the latest and most significant news in the Australian Financial Services sector. We meticulously search for important news to bring you updates in insurance, mortgages and loans, superannuation, and money management, including budgeting and financial planning. With a keen focus on the developments from the past week, our podcast selects news items that resonate most with Australian business and personal consumers. After conducting in-depth research, we craft original articles on each chosen news story, summarizing the crucial information into a concise, engaging podcast. Whether you are a professional navigating the financial services industry or a personal consumer seeking to stay informed, Financial Services News Wrap offers the insights you need to stay ahead in the fast-moving world of finance.

Episodes

November 17, 2025
In this episode of Daily Financial Services News Wrap, we discuss mixed 2025 results for banks, with ANZ Group experiencing a 14% decline in annual cash earnings due to regulatory penalties and redundancy costs, despite a 2.6% increase in shares. The bank plans to implement cost reduction measures in 2026. On a positive note, MotorCycle Holdings Limited recorded an 11.6% revenue increase in 2025, breaking revenue records, thanks to...
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In this Daily Financial Services News Wrap, Paige Estritori discusses important updates from Australia's financial and insurance sectors. The Insurance Council of Australia (ICA) proposes major reforms to combat rising insurance costs in Queensland, including the removal of the 9% stamp duty on premiums and stringent land-use planning. Simultaneously, BizCover urges NSW builders to secure professional indemnity insurance ahead of a...
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November 15, 2025
In this episode of Financial Services Online, we explore key financial events of Nov 16th, 2025 in Australia. The Commonwealth Bank of Australia reports a 1% quarterly cash profit increase, largely attributable to home loan and deposit growth, despite a somewhat challenging banking climate. ANZ Group, on the other hand, reveals a 14% decline in annual cash earnings, largely due to recent layoffs and regulatory penalties. In the ins...
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November 14, 2025
In this episode of Financial Services Online's Daily News Wrap, Paige Estritori discusses the major news shaking the Australian business landscape. Highlights include Swedish firm EQT's A$5.25 billion bid for AUB Group, developments in the lending arena with SMEs benefiting from the RBA's interest rate cut, and the surge in business lending. Specific mention is given to OnDeck Australia's report on lending volumes jumping 40%, and ...
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November 13, 2025
On this episode of Financial Services Online news wrap, we discuss Australia's ASIC's recent surge in regulatory efforts, with a 50% increase in investigations and 829 completed surveillances. The successful crackdown on financial scams has led to over 6,900 fraudulent websites being dismantled and $104.1 million secured in civil penalties. The ASIC has also addressed the emerging issue of AI in financial services and improved mark...
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November 12, 2025
In the Financial Services Daily News Wrap for Thursday, November 13th, 2025, key updates from the Australian financial sector were shared. ANZ Bank's new CEO, Nuno Matos, announced a strategic overhaul, eliminating around 4,500 roles to focus on digital transformation, costing A$560 million. In legal news, telecommunications company Optus received a landmark ruling, fined AU$100 million for exploiting vulnerable Australians. Westpa...
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November 11, 2025
This episode of the Daily Financial Services News Wrap, with Paige Estritori, discusses major headlines in the finance industry in Australia. Firstly, the Australian Finance Industry Association (AFIA) has launched a revolutionary Finance Industry Code of Practice to increase integrity, transparency, and fairness. It emphasizes clearer lending communication, especially for individuals with limited credit history and small businesse...
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November 10, 2025
In this episode of the Daily Financial Services News Wrap, warnings from the OECD regarding Australia's need for budget repair are discussed. The concern arises from a significant rise in welfare spending as business investment plummets, making Australia one of the least performing countries in terms of investment among developed nations. Gerard Minack echoes these sentiments, recommending tax and policy reforms. Changes in insuran...
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November 9, 2025
In this episode, Paige Estritori from Financial Services Online discusses top financial news from November 10, 2025. The Australian Government's $2B loan guarantee to ANZ Bank aims to ensure financial stability and combat China's Pacific influence. The bank will also invest an extra $50M to enhance its Pacific operations and digital banking services. The advisory firm, Teneo, expands in the Asia-Pacific market by acquiring PwC Aust...
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November 8, 2025
In this daily Financial Services News Wrap, Paige Estritori discusses the latest updates from the Australian financial services industry. She covers the launch of a new liability insurance product by Sydney-based insurtech firm Upcover, designed for small-medium enterprises and sole traders. The insurance provides protection against various issues from employment disputes to financial crimes, with an affordable starting premium. Th...
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November 7, 2025
In the November 8th, 2025 edition of the Daily Financial Services News Wrap, Australian shipbuilder, Austal Limited, gains a $100 million loan from Export Finance Australia, paving the way for the company's expansion in the US. In maritime insurance news, newcomer Marinex Underwriting, supported by Amwins, enters the Australian market, offering a variety of services catered to the different needs of the marine industry. Meanwhile, ...
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November 6, 2025
In this episode of the Daily Financial Services News Wrap, host Paige Estritori discussed recent events in the Australian financial sector. Topics included the Australian Securities and Investments Commission's legal action against Money3 Loans for potential breaches of responsible lending obligations, contributing to continued consumer protection efforts. A rising trend in personal loans for home improvements in Australia was high...
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November 5, 2025
In this episode, Paige Estritori of Financial Services Online shares important updates from Australia's finance industry. Westpac Banking Corporation is set to resolve a class-action lawsuit over auto finance practices with an $81.84 million settlement, echoing ANZ Bank's similar case last year. Meanwhile, MotorCycle Holdings Limited has reported a significant increase in new motorcycle sales this year, despite a drop in net profit...
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November 4, 2025
In this episode of our daily financial services news podcast, we discussed the industry buzz around Swedish firm EQT's $3.41 billion USD bid for AUB Group, marking a significant move in Australia's insurance market. The bid increased AUB's shares by 11% and could drive further M&A activities in the sector. The Insurance Code Governance Committee has also imposed a $30,000 fine on AIG Australia for failing to keep customers informed...
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November 3, 2025
In this episode, Paige Estritori presents an update from the financial sector. ANZ Group suspends its A$800 million share buyback to fund strategic restructuring, targeting pre-tax cost savings of A$800 million this year. However, the bank ensures continued payouts for shareholders. Meanwhile, despite global stresses, Australia's financial system remains resilient, according to the Financial Stability Review's October 2025 edition....
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November 2, 2025
This episode of the Daily Financial Services News Wrap hosted by Paige Estritori focuses on recent industry developments. Macquarie Investment Management is streamlining their Wrap platform, reducing over 240 funds for an improved investment process. Gen Z's underrepresentation in financial advice is addressed, with high costs & industry bias acting as barriers. Industry change is needed, with strategies such as involving family me...
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November 1, 2025
This episode of the Daily Financial Services News Wrap discusses key updates in the Australian construction and transport industries. It reveals that due to increased competition between insurers, construction trade professionals are experiencing reduced insurance premium rates. However, the construction sector still battles with rising costs, up 30% since the COVID-19 outbreak, influenced by increased material prices and labor sho...
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October 31, 2025
In this podcast, Paige Estritori discusses key updates in the Australian financial service industry. Rising uses of AI technology in insurance companies in Australia and New Zealand are improving operations as they become digital-first, data-driven organizations, enabling them to navigate market complexities. Meanwhile, impending regulations from the Australian Prudential Regulation Authority aim to enhance governance and operation...
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October 30, 2025
In this episode of the Daily Financial Services News Wrap, we discuss significant happenings in the Australian financial sector. The Australian Financial Complaints Authority ruled in favor of a restaurant in an arson claim dispute with QBE Insurance, despite non-disclosure of the director's criminal history. In insurance news, Insurance Australia Group (IAG) witnessed a 91% surge in net profit but warned of incremental hikes in in...
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October 29, 2025
On the Financial Services Online news wrap, critical financial updates include a landmark ruling by the Australian Financial Complaints Authority (AFCA) favouring a restaurant over QBE Insurance in an arson insurance dispute despite the director's failure to disclose a criminal history. Insurance Australia Group has posted a 91% profit increase but warns of rising premiums due to climate risks. Spotlight intensifies on Commonwealth...
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