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Major slams credit criteria accusations

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Australian Broker | 06 Jan 2014, 07:24 AM Agree 0
A major bank has hit back at accusations that banks are constraining growth by restricting credit to small businesses.
  • Competition | 06 Jan 2014, 10:20 AM Agree 0
    Goldman & others have it 'spot on' (exception of ANZ).

    No doubt the reason it caused such an outcry with most of the major banks.
  • John C | 06 Jan 2014, 09:18 PM Agree 0
    Could not agree more. However the Government needs to step in and provide a form of Business Guarantee (as does the Chinese Government for their Small Businesses) otherwise Business in Australia as we know will all but dissappear. That is why some many Chinese business flourish as they have the financial underwriting to grow and expand their businesses. Not here in Australia. The politicians have got it wrong in this country by a long shot! There is NO incentives in Australia for Investors, and the Australian way of doing business needs to change radically and very quickly or otherwise within 15-20 years we will no longer be known as Australia but as Chinraila. Scary thought!
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