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Big banks split on SME growth fund: NAB, HSBC lead charge but ANZ, Westpac cool

The major banks are split over the federal government's push to set up a fund for banks to inject equity stakes into fast-growing small businesses, with National Australia Bank and HSBC leading the charge but other big lenders less keen.

Big banks split on SME growth fund: NAB, HSBC lead charge but ANZ, Westpac cool
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Big banks split on SME growth fund: NAB, HSBC lead charge but ANZ, Westpac cool

ANZ and Westpac are the most reluctant to sign on to the proposed Australian Business Growth Fund announced by Treasurer Josh Frydenberg on Wednesday, according to government and bank industry sources.

Read the full article at the Australian Financial Review.

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