Bank of Melbourne
Summer disasters, including floods in Queensland and bushfires in Tasmania, have led to Australia being re-rated on reinsurance markets.
Pets Paradise franchisees won’t be affected by the collapse of the pet store chain, it’s been confirmed, but the receivers say company-operated stores have been struggling for 18 months.
Westpac has re-launched its Bank of Melbourne brand in Victoria, although new figures show small businesses see little difference between the major banks and their regional counterparts.
Customers are increasingly differentiating between independent banks and the majors, with independent regionals emerging as a rich alternative for small businesses, according to a new report.