NAB give time back to small business owners with overdraft option
NAB have continued to grow its commitment to small Aussie businesses, recently adding an overdraft facility as part of its unsecured, self-service digital financing suite.
Amex launches new rewards credit card for small businesses
Small business owners know that every dollar counts, and today credit card giant American Express has released a new piece of plastic dubbed the Business Explorer Card, aimed at getting SME owners more bang for their buck.
American Express partners with Commbank to double its uptake among small businesses
Only 38% of Australian businesses process Amex transactions according to market research firm East and Partners, indicating that a significant number of small businesses are reluctant to offer their customers the payment option.
Aussie small business owners might be missing out on the $20k tax break this EOFY
New research from Officeworks and H&R Block has found that the majority of Australia’s small business owners are confused about the tax breaks available to them.
ANZ pledges to follow new payment code affecting small businesses
ANZ is supporting a new payment code compelling the major bank, along with all businesses who opt in, to pay suppliers on time and within 30 days of receiving a correct invoice.
Big bank tax to cost average $241 million each. Guess who’s footing the bill?
Australia’s big 4 banks have commented on the implications of the Budget’s big bank tax, estimating it will cost them each an average $241 million after tax. But it’s unlikely the cost will touch bank or shareholder profits.
Big banks respond to the federal budget bank tax: not happy Jan
Australia’s major banks have responded to the bank tax announced in the 2017 Federal Budget by saying that the cost will ultimately fall on the shoulders of customers and shareholders.
Westpac withdraws coal mine support in new Climate Change Action Plan
Westpac has today announced it will scale back support for companies who contribute too much to climate change, effectively ruling out funding the Adani Group's controversial coal mine in Queensland.
NAB to offer Aussie businesses $56 billion leg-up for growth
Over 93,000 businesses who bank with NAB will soon have access to funds of up to $2 million, following the launch of a fast-tracked loan application feature.
Commonwealth Bank appoints Rob Jesudason to replace David Craig as CFO
Australia’s largest financial institution, the Commonwealth Bank, has today announced that current Chief Financial Officer (CFO) David Craig will step down from his role to be replaced by current Group Executive for International Financial Services, Rob Jesudason.