Business News

Thu Sep 23

Australia's banks got $188 billion in cheap loans from the RBA. Now they're funding share buybacks

Written by: Kevin Davis, Emeritus Professor of Finance, The University of Melbourne

shutter_o/Shutterstock

Much has been written about the taxpayer-funded windfalls to some companies provided by the A$90 billion JobKeeper scheme. Their gains have come from grants given to them to offset projected COVID-19 losses — with no obligation to pay that money back when the losses didn’t eventuate.

Australia banks may have reaped...

Start
Prev
1098
1099
1100
Next
End
Page 1103 of 1920

A Trusted Australian News Brand

Posh picnics the Sunshine Coast helicopter picnic tour

Oceanview Helicopters launches Picnic on a Peak celebrating Sunshine Coast local food ...

Coral Trout Worth Travelling For: Lunch at The Rusty Pelican in 1770 Delivers Perfection

There are fish and chips, and then there are meals that remind Australians why fresh loc...

A Gourmet Tour of Mornington Peninsula Wineries

The Mornington Peninsula is a beautiful part of Victoria, Australia that offers so much ...

When you sell your life's work: how capital gains tax applie…

For many Australians, an investment property is the most familiar example of a capital gains tax event. Buy a property, hol...

Business Ideas Changing the World

Every generation of business leaders faces its defining challenge. For some, it was rebuilding after war. For others, it w...

Build Your Business on Land You Own

Why every startup should own its website, domain name and customer relationships Starting a business has never been easier...

Why Australian Enterprises Are Reth…

The corporate landscape in Australia has undergone a permanent structural shift over the past few ...

QLD Day

On Saturday 6 June, parkrun events across the state will be a sea of maroon, with communities str...

Measles in Australia: Why This Highly Contagi…

Measles was once considered a childhood illness that had largely disappeared from Australia. Thank...

Byron Bay with Friends: Forget the Camping Ge…

There is something special about packing the car on a Friday afternoon and heading away with frien...

Vacuum cleaners: from the Hoover to the robot revolutio…

For much of the past century, the vacuum cleaner was one of the least-changed appliances in the ho...

When you sell your life's work: how capital gains …

For many Australians, an investment property is the most familiar example of a capital gains tax e...

Where do cautious Australians invest? A guide to the ma…

For generations, Australians have been encouraged to invest for the future. The challenge is that ...