Posts tagged "banking"

NAB has pledged to "absolutely" repay small businesses that were affected by a nationwide outage on Saturday.

The banking royal commission has heard how the Commonwealth Bank delayed reporting a “glitch” that caused thousands of small businesses to be overcharged interest on bank overdrafts.

The banking royal commission has shone a spotlight on franchising and the practice of banks to pre-fill forms for small business owners, but some are worried the fallout will make it harder for businesses to get bank loans.

The peak body for Australian small businesses is calling for the banking royal commission to go beyond the numbers and examine the very human impact of poor banking practices, as the commission kicks off two weeks of public hearings focused on SMEs.

A report on the governance, culture and accountability at the Commonwealth Bank has stripped away the bank’s delusion that it is well run and a model of good governance.

The royal commission into Australia's financial services sector has important ramifications for the country's small and medium businesses, writes Neil Slonim.

Sales specialist Sue Barrett spells out exactly what the banking and finance sector needs to do to win back customers' trust in the wake of the ongoing royal commission.

The royal commission into Australia's financial services sector continues to reveal how customers' lives have been ruined by financial advice at the big banks, but will the game also change for smaller operators and independent financial advisers?

The royal commission into the banks will give ASIC and the Director of Public Prosecutions plenty of evidence to pursue civil penalties and criminal cases. The bigger issue is what charges to go with.

By Annabelle Lukin, Macquarie University

A corporate apology echoes the words we are so familiar with from our everyday lives – but it …

Mum-and-dad operators may struggle to sell their businesses in the future unless Australia tackles access to finance for SMEs, says the small business ombudsman.

Greens leader Richard Di Natale on Wednesday will put forward a radical proposal for a publicly owned “People’s Bank” to give “affordable” services and inject “real competition” into the sector.