Financial Services News Wrap
In this episode of Financial Services Online, Paige Estritori discusses compelling updates in the marine, trucking, and banking sectors. Firm demand is maintaining the marina industry's revenue at $965m, despite economic pressures. However, labor shortages may impact services. Half of all marinas plan to invest in solar installations. A new entrant, DFAC Trucks Australia, is shaking up the light-duty truck market with its competitively-priced Captain 45 WorkReady. Backed by a seven-year warranty and 24 service centers, the vehicle targets small operators. In banking, Judo Bank's share price fell due to significant loan losses, indicating a challenging climate for Australias SME lending market. Due to rising interest rates, lenders demand strong financial management from SMEs. Lastly, the episode briefly mentions ASIC's findings on car finances. Visit Financial Services Online for more on finance and money management.n
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