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Why isn’t ANZ doing more to help stressed borrowers?

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ANZ is the only Big Four Australian bank to not make exceptions in stress testing when refinancing loans

 
It’s no surprise that the RBA’s recent interest rate hikes are placing huge strain on mortgage holders.

But there’s plenty of room for Aussie banks to help, or not help, stressed borrowers.

But not all banks are on the same page.

The National Australia Bank just became the third of the Big Four to make exceptions to stress-testing standards for borrowers attempting to refinance.

This now leaves just ANZ as the outlier among that group.

ANZ is set to diverge from its competitors regarding mortgage stress-testing rules, as it believes that relaxing lending criteria for refinancing borrowers would have little impact and be merely a marketing exercise.

The stress-testing standard, which requires lenders to assess borrowers’ repayment capacity at interest rates 3 percentage points above the market rate, remains unchanged at ANZ.

Sources suggest that ANZ views the current buffer as suitable given the economic climate and is satisfied with its mortgage book growth.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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