Business
Proposed small business rules will be tough on the banks – The Australian
The biggest single concern of the chief executives of the four big banks is the 220,000 bank small business loans totalling $60bn that are on repayment deferral. Then on the morning of Tuesday July 21 when the CEOs read The Australian those concerns turned in…
The biggest single concern of the chief executives of the four big banks is the 220,000 bank small business loans totalling $60bn that are on repayment deferral. Then on the morning of Tuesday July 21 when the CEOs read The Australian those concerns turned into a very serious danger that could become a nightmare.
The small business ombudsman, Kate Carnell, without mentioning the word “bank”, was recommending actions that would uncover the serious shortcoming in the management of banks over the …
