bank closures

A federal levy which could allow people to continue banking at post offices could be a solution to an ongoing branch closure crisis as banks desert cities and regional hubs across Australia.A Senate inquiry examining bank closures across…

Executives at one of Australia’s biggest banks have conceded they have no processes in place to consult affected communities before they decide to shut down branches in small towns.ANZ general manager Michael Wake and director Tony Tapsall…

Australian’s major banks are shutting down more branches across the country and have been accused of not caring about their customers.NAB has announced branches at Jeparit and Inverloch in Victoria will close in July.Meanwhile, branches at…

Desperate locals in a low-income part of regional Victoria have detailed how the mass closure of bank branches in their area has negatively impacted their community.A Senate inquiry into regional and rural bank closures was held in Sale,…

Commonwealth Bank has reported a record half-year profit of $5.15bn as it faces political pressure along with other big banks over interest rates and regional branch closures.Australia’s biggest retail bank announced its financial results…

Residents of a booming outback Queensland mining town are furious at the “disgraceful” decision by Westpac to close its branch there, amid warnings regional bank closures are reaching “crisis” levels.Cloncurry in northwestern Queensland,…

Australia has witnessed more than 1600 bank branch closures since 2017, with hundreds axed in the past year as financial institutions increasingly turn to online systems. In the last financial year alone, 309 branches closed their doors,…