Westpac has sought to pre-empt the recommendations of the Senate inquiry into bank closures in regional Australia by announcing a moratorium on regional branch closures until 2027.
New Zealand’s competition regulator has called on the government to back the public Kiwibank to force competition onto Australia’s profit-gouging Big Four banks.
Today is Cash Out Tuesday, when Aussies are urged to withdraw some cash from a bank, ATM or EFTPOS retailer to send a message to bankers that we don’t want their cashless economy.