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Financial Services News Wrap
Paige Estritori
622 episodes
1 day ago
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Tue, 4th Nov 2025
Financial Services News Wrap
1 week ago
Tue, 4th Nov 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. Businesses have built buffers against economic disruptions, paving the way for strategic growth opportunities. Further, the recent NAB survey reveals consistent business conditions despite a minor employment drop but warns of potential economic challenges. Eternal retail sector fixture Peter Stevens Motorcycles is now under voluntary administration, signifying waning stability in the retail industry. The episode closes, highlighting the import of vigilance and agility in the current volatile business environment.
Financial Services News Wrap