Tag: Westpac

Westpac’s latest survey shows a deep pessimism, fueled by fears of rising interest rates.

Here’s the roundup for September 6:

Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), urged senators to pass the Australian Business Growth Fund Bill on Wednesday. Ms. Carnell explained that the bill would significantly encourage growth and promote economic expansion for small and medium-sized businesses around the country. “We strongly support the investment by the Commonwealth in the […]

Approximately $6.4 billion has been wiped from Westpac’s value since it was ensnared in a money laundering and child exploitation scandal. Westpac says it will update investors “in coming days” over how its money laundering and child-exploitation scandal occurred and what it is doing to make sure it never happens again. Chairman Lindsay Maxsted said the board […]

The financial regulator is threatening action against lenders including the major banks over the sale of add-on loan and credit card insurance (CCI) that “has consistently failed consumers”. An Australian Securities and Investments Commission (ASIC) report released today found that consumer credit insurance represented extremely poor value for money and was regularly mis-sold. ASIC’s report […]

Westpac chief executive Brian Hartzer says the bank’s first-half results are disappointing. Westpac has held its interim dividend despite the cost of refunding customers helping drag down first-half profit by 22 per cent to $3.296 billion.   Australia’s second largest bank set aside $617 million to cover refunds and associated costs following the financial services royal […]

A recent study has revealed that 19 per cent of Australian small business will delay hiring staff until after the Federal Election as fear mounts over the impact of election policies on operations. According to new survey results in the Westpac Small Business Report in collaboration with Deloitte, small businesses are delaying critical decisions such […]

As the end of year draws closer, it brings a great opportunity for small business owners to take time to reflect and plan for the year ahead. The Westpac Small Business Report in collaboration with Deloitte found that small businesses have grown modestly in revenue terms relative to this time last year. While some are […]

Small businesses may struggle to have a distinct cooperate social identity. But it doesn’t always have to be this way.

The opposition calls for faster aid to help farmers.