AGP Executive Report
Last update: 9 hours agoDebt Stress: New Zealand hardship accounts rose 7.8% year on year to 15,300 in October. Mortgages made up 38% of cases, while personal-loan hardship jumped 32% and consumer credit defaults rose 21%. Rate Pressure: Australia’s central bank raised rates for the fifth time this year, to an 18-year high. Macquarie says it will pass the increase on to variable mortgage customers and lift rates on savings accounts. Payments: New Zealand’s Akahu is promoting Pay by Bank as a lower-cost alternative to card payments, charging businesses up to five cents per transaction. Card Security: A hack of a Japanese bus-booking site may have exposed 6,949 sets of credit-card details, including security codes; customers were notified nearly a month after the breach was found. Savings: Sri Lanka’s Fintrex Finance relaunched its Dream Plan, offering eligible customers a promotional 12.75% annual rate on recurring deposits, subject to terms.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
