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

Global Thryv voices bring a sharper lens to International Women’s Day

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AI curiosity fuels new wave of employee-led innovation in Australia

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Is your search bar your competitor’s best salesperson?

A few weeks ago, I was watching the Super Bowl. Traditionally, those halftime ad spots are reserved for the world’s biggest, most established bran...

AIIMS Group and AdVisible merge

Two of Australia’s most established independent agencies unite, creating marketing powerhouse backed by three decades of combined experience     ...

Block's layoffs are a design win. Here's why

We spend millions designing features that save users 30 seconds. Block just saved thousands of employees 40 hours a week. That's not a crisis. That's...

Why I Decided to Build a Better Way to Build Homes

Why does building a home still feel like stepping into the unknown? In an industry where costs blow out and decisions come too late, certainty has...