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In this week's episode, host Paige Estritori discusses two key stories from the Australian finance scene. She first dives into the story of a hefty legal settlement by household name Westpac Banking Corporation of 130 million Australian dollars. This is in response to a car finance class action brought against them for allegedly allowing car dealers to hike up interest rates for greater commissions from 2013 to 2018. The settlement suit echoes ANZ Bank's similar case back in 2024. She also delves into the surprising 8% increase in MotorCycle Holdings Limited's new sales for the last fiscal year, and explores their impressive growth against the national market trend. Despite potential challenges in their net profit after tax, the company's overall strong performance provides a positive outlook for the future financing options in Australia. For comprehensive updates, visit financialservicesonline.com.au.n
