Westpac has closed 173 branches over the last 12 months as it looks to drive more business from mortgage brokers. The JP Morgan Australian Mortgage Industry Report noted Westpac was rationalising its branch footprint and improving systems to support the group’s multi-brand strategy. Over the last 12 months, Westpac have closed 173 branches (from 1,261 to 1,088) and have improved […]
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What’s happening with interest rates?
“The new RBA governor Philip Lowe says rate cuts could be needed to fight low inflation.” SMH 18/10/16 In his first speech since taking over from Glenn Stevens as governor in September, Dr Lowe said each of the bank’s two rate cuts this year were in response to lower than expected inflation. The easing in policy […]
Top 5 tips for the right business finance
Securing a business loan isn’t that difficult. But knowing how to navigate your way can be the difference between success and failure. Banks and other financial institutions offer a wide range of business finance options, from commercial property loans, commercial vehicle leases, and commercial and equipment leases, to simpler options such as letters of credit, overdrafts and […]