Posts tagged "Term Funding Facility"

In the second instalment of a four-part series, Neil Slonim, an independent SME finance advocate, takes a closer look at which of the major parties are better for small business.

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

Instead of congratulating itself on its brilliance, the Commonwealth Bank's board and management should have thanked taxpayers for enabling them to generate a huge profit.

The RBA has been talking up its low-cost Term Funding Facility... but small business loans have actually gone backwards.