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More Regulation Urged for Banks ‘Failing’ Rural Towns

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More Regulation Urged for Banks ‘Failing’ Rural Towns
A man walks past a branch of the National Australia Bank (NAB) in Melbourne, Australia, on May 6, 2021. William West/AFP via Getty Images
AAP
By AAP
5/24/2024Updated: 5/24/2024
0:00

A banking regulator should have veto power over branch closures, otherwise country communities will continue to pay the price of losing essential services, a long-running inquiry has found.

The Senate inquiry into branch closures across rural Australia released its final report on May 24 afternoon, making eight recommendations to protect the future of regional banking.

AAP
AAP
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Australian Associated Press is an Australian news agency.
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