Treasurer tells SMEs to dob in bully banks

By Adeline Teoh · 12 February 2009 · Locked

Treasurer Warns SMEs: Report Unfair Banks

Small business owners are being urged to speak out against unfair banking practices. But what happens when you take on the big banks?

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Summary

Federal Treasurer Wayne Swan has encouraged business owners to contact the government if they believe their bank is treating them unfairly. Because of the government guarantee, banks should ensure a sufficient flow of credit, he believes. “If there are viable businesses that have an adequate income and are profitable into the future, then they should […]