Commonwealth Bank CEO Matt Comyn has broken his promise to stop all regional bank closures until December 2026, with CBA announcing it will close its Buderim branch in Queensland’s Sunshine Coast at the end of this month, 31 May.
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.
