The Latest Breaking News from Australian Banking Association

Bank moratorium 'too late' for rural towns left behind

The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches.

AAP · Feb 10, 2025

$1.5b data spend to simplify bank switching a 'flop'

A banking industry-backed report says just 0.3 per cent of bank customers were actively using the data-sharing arrangements made possible by costly investments.

AAP · Jul 3, 2024

A third of the nation's bank branches have shut in the past five years — for people in the country, that's a huge problem

Despite soaring profits for Australia's big four banks, that number in the billions, almost one-in-three of their branches have closed in the past five years and now a parliamentary committee is examining the impact of those closures, especially on regional centres.

ABC News · Mar 1, 2023