The Tennis Treasuerer is back doing his best to hit a forehand. It goes well wide but the AFR calls it “in”:
Commonwealth Bank said it was ready to cut fees and defer repayments for small business borrowers struggling with cash flow amid the coronavirus outbreak, ahead of a meeting between bank CEOs and Treasurer Josh Frydenberg on Wednesday in Sydney.
CBA said if the coronavirus keeps customers away and small businesses start to struggle, it is willing to push back repayments on loans and overdrafts for three months, waive fees for use of its payment terminals for three months, and will move more of its own suppliers onto immediate payment terms.
