“Game-changing” government plan pledges $2 billion for capital-starved SMEs
The government has committed $2 billion to making it easier for SMEs to access finance while supporting the creation of a new commercial growth fund.
Nothing to see here: Banks oppose SME lending regulation crackdown
Despite allegations of fraud, strong-arming and abuses of power, Australia's big four banks say SME lending framework is broadly appropriate.
“Too many outs”: Ombudsman slams banking code for being weak on small business protections
The code covering SME lending requires a major overhaul to protect businesses from the power of the big banks, Australia's small business watchdog says.
“Market failure”: Government considers policy to improve small business funding
"Cabinet-level" discussions are taking place about a solution to improve small business funding as momentum builds for commercial solutions.
Royal commission: Ombudsman disappointed with lack of scrutiny over banks “aggressive behaviour” toward SMEs
The royal commission's interim report hasn't paid adequate attention to the experiences of small business owners, advocates say.
More financing pain in store for small business amid the fallout from the banking royal commission
Financing is becoming more difficult for business owners in the midst of fallout from the banking royal commission, with some seeking alternative paths to credit.
Macquarie boss Shemara Wikramanayake named fifth most powerful woman in the world
Shemara Wikramanayake, the first female chief executive designate of Macquarie Group is fifth on the international version of Fortune’s Most Powerful Women list.
Westpac to pay $35 million penalty in responsible lending settlement with ASIC
Westpac has admitted to contravening consumer credit protection laws in relation to around 10,500 home loans.
Aldi pips Bunnings to maintain spot as Australia’s most trusted brand as big banks suffer
German discount retailer Aldi has yet again topped the list of Australia's most trusted brands, beating out home-grown names Bunnings and Qantas.
Shark Tank finale: Student banking app QPay scores $380,000 investment from two unlikely sharks
The founders of soon-to-be-challenger bank QPay have secured one of the largest deals in this season of Shark Tank.
How Macquarie Bank’s new chief Shemara Wikramanayake breaks the mould
Incoming Macquarie Bank chief executive Shemara Wikramanayake will be only the second woman to run a major Australian financial institution.
CBA’s shock move may be a revolution for Australian financial services
Matt Comyn has launched his career as boss of the Commonwealth Bank of Australia with a bang, effectively splitting the nation’s biggest bank in two.
