Posts tagged "banks"

Billions of dollars in cheap loans given to Australia's biggest banks are being used to fund share buybacks to enrich shareholders.

Westpac has announced a second round of branch closures within a fortnight, signalling more job losses in the finance sector.

CBA has officially stepped into the increasingly cluttered buy now, pay later sector this week, marking the first major bank to make a play against industry juggernaut, Afterpay. 

Ten industry associations representing Australian SMEs have penned an open letter, demanding urgent action be taken to avoid higher transaction costs for Australian retailers.

Why aren’t banks lending? Why aren’t small businesses taking advantage of record low rates? And will this change in 2021?

Australia's cash rate has always been positive — at times very positive. But there’s no reason why it couldn’t be negative.

Earlier this year, the government unveiled a $40 million unsecured loan program for SMEs, but after seven months, it's only hit 5% capacity.

Responsible lending laws will be eased in an effort to make it easier for small businesses and consumers to take out loans during COVID-19.

Westpac is to pay $1.3 billion, by far Australia’s biggest-ever corporate fine, for breaches of the anti-money laundering act.

Payment times are increasing for small businesses, with creditors unable to chase up debts amid an extension in insolvency protections.

The Morrison government has announced bankruptcy and insolvency protections will be extended until the end of the year.

A human touch and an agile response to COVID-19 have put two very different professional service firms in the driving seat for uncertain tim…