Prime Minister Scott Morrison won’t be drawn on a possible interest rate cut by the Reserve Bank, saying any reduction is a decision for the independent central bank. Financial markets see an increased likelihood of a cut in the 1.5 per cent cash rate after inflation figures released this week showed the annual rate unexpectedly […]
The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs rejected by a bank, one in three have turned to family/friends or a credit card for funding Of those SMEs that […]
An external governance committee has been formed in response to the Royal Commission to ensure transparency in the financial services sector. The industry-led initiative will oversee a new rating system on financial advice licensees to help consumers make informed decisions. According to Australia’s only independent rating service of financial advisers, Adviser Ratings, the establishment of […]
There is an alarming number of Australians who are financially illiterate, which is why financial services experts Theresa Mills and Catherine Birchall have joined forces to launch a financial wellbeing program. Following two years of intensive research and digital development, Money 101’s Financial Wellbeing program will be introduced into Australian workplaces. Money 101 founding […]
Kate Carnell has expressed concern that promises have not been kept.
Another company will start trading on the Australian Securities Exchange (ASX).
Every single entrepreneur has the dream and goal of opening up his or her own business. It’s a task that requires a lot of guts and bravery, and not everyone is ready to take the plunge. If it’s too spontaneous, there isn’t enough planning beforehand, but even when you takeit slowly, you still have to […]
“We are determined to put things right and are taking steps to build a better bank.”
US private equity firm KKR & Co has launched a conditional $1.75 billion takeover offer.
