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| Australian Share Market Suffers $120 Billion Loss Amid Middle East Unrest 14 Mar 2026: Paige Estritori Recent developments in the Middle East have had a profound impact on global financial markets, with Australia's share market experiencing significant losses. Over the past week, the S&P/ASX200 index declined by 1%, resulting in a $120 billion reduction in market capitalisation. This downturn marks the most substantial weekly loss since April 2025. - read more |
| Firstmac Sets New Benchmark with $2.5 Billion RMBS Issuance 14 Mar 2026: Paige Estritori In a significant development for Australia's financial sector, non-bank lender Firstmac has successfully completed a $2.5 billion Residential Mortgage-Backed Securities (RMBS) issue, marking the largest of its kind in the country. This achievement underscores the robust investor confidence in Firstmac's lending practices and the broader non-bank lending sector. - read more |
| AFIA Unveils Financial Safety Alliance to Tackle Financial Abuse 14 Mar 2026: Paige Estritori The Australian Finance Industry Association (AFIA) has announced the formation of the Financial Safety Alliance, a collaborative initiative aimed at preventing financial abuse across the nation. This alliance brings together banks, lenders, and financial safety experts to develop and implement strategies that protect consumers from financial exploitation. - read more |
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