Posts tagged "big four banks"

The Australian Banking Association claims moves to legally require data to be held onshore in Australia and prevent it from being sent overseas will create new security threats.

The Westpac Group will close 24 branches, CBA will close five and the NAB will close eight banks, the Finance Sector Union says.

ANZ's proposed acquisition of Suncorp's banking arm is bad news for competition and should be axed by regulators.

The issue of debanking has been highlighted by a recent crypto-trader's case against Westpac and ANZ. How will Labor approach it?

NAB's new buy now, pay later endeavour will be rolled out in July and will offer a zero fees alternative to competitors in the market.

The real story on bank profits is how these giant financial institutions have let mortgage brokers take control of their biggest profit driver: home loans.

Commonwealth Bank has become the first of the major banks to commit to automatically routing transactions for small business merchants, weeks after Treasurer Josh Frydenberg said more needs to be done to lower transaction costs for small businesses. 

The big banks have lined up behind the government's business growth fund, which will provide equity capital up to $15 million for high-growth SMEs.

An array of sources report that access to finance is worsening for Australian SMEs, prompting broader fears for the health of the economy.

Over the past decade, the traditional banking sector has faced immense pressure to ramp up efforts in innovation and user experience.

Over 70% of small businesses have no written plan of any kind, so what use is a $2 billion government-funded securitisation fund?

An Australian version of the UK’s growth fund could see capital-starved small businesses have access to capital beyond the big four banks.