Twelve months on from the Banking Royal Commission, the Australian Small Business and Family Ombudsman Kate Carnell says there is still plenty of lessons to learn if banks are to repair the reputational damage they suffered from the findings. Carnell suggests banks still have a long way to go if they want to regain teh… Read more »
Missed today’s headlines? Get the lowdown on the news that matters to small business owners. Here’s what you need to know on Tuesday, October 8 2019. Consumer confidence slides following rate cut Despite the Reserve Bank of Australia (RBA) cutting the cash rate to an all time low of 0.75 per cent last week, consumer… Read more »
The Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry created a tsunami of negative headlines and chatter. It was as though the ‘wolf of wall street’ took a stroll in Australia, not to share its practices, but certainly some behaviours. The report shed light on some significant leadership failures, such… Read more »
As we await the release of findings of the Hayne Royal Commission into the banking and financial services sector, Peter Langham CEO of Scottish Pacific Business Finance shares his thoughts on the likely impact on SMEs and the small business lending market. The impact will be far and wide. A nervous market needs to be… Read more »
The Australian Financial Complaints Authority (AFCA) throws opens its doors today. The new ombudsman aims to restore the public’s trust in Australia’s financial institutions in the wake of the Banking Royal Commission. The AFCA will work to reach fair outcomes, creating accessible services that meet diverse community needs and deliver independent and impartial decision making… Read more »
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