You can’t have a job at any of the banks in Australia if you’re a taxpayer.
The Government has promised to stop this from happening in 2018, but in its most recent budget the Government announced it would stop funding banks that fail to meet a minimum standards.
The Bankers’ Association of Australia (BA) has urged the Government to make the change immediately.
The AFR’s Mike Nellist says the Government has a responsibility to change its approach to bank management.
He says the banking sector has been hit hard by the financial crisis, and that’s why the Government should focus on protecting jobs and the economy.
“The banks need to do a lot more to get the right people. “
There are some pretty big risks here that could be avoided if they just took the hard Brexit stance and stopped funding banks,” Mr Nelliss said.
I think the banking industry is in some really difficult times right now. “
A lot of the jobs that are being lost are jobs that should be there.”
I think the banking industry is in some really difficult times right now.
They’ve lost a lot of jobs and they need the money.
“He says if the Government stops funding banks, they’ll be looking for jobs elsewhere.
The BCA says it is now lobbying for the Government not to fund banks until they get back to a pre-crisis normal funding level of $1.5 billion.
They’ve been doing it in this way for many years.””
They are running into difficulties that they have never faced before.”
They’ve been doing it in this way for many years.
“The banking sector is really in a very difficult position, especially in relation to the collapse in the property market,” he said.