Gotcha! More Big Bank BS…

In evidence given in Parliament this week we had confirmation that at least NAB, one of Australia’s big four banks, is using partial interaction statistics to falsely justify their programme of Regional Branch closures. This is the data which is parroted by the Banking Association spokesperson to justify the unjustifiable.

In the light of this, Dale Webster, The Regional Journalist, and I (remember we got the Inquiry up in the first place!) have written to the Senate Inquiry on closures today asking for an audit of all statistics being used by the banks to justify their closure plans.

Worth also reflecting on CBA’s conditional 3 year freeze on closures, and Westpac’s pull back.

Once again, we shine a spotlight on disgraceful behaviour as banks continue to suck the life blood from so many regional towns in the interests of shareholder returns. This must change!

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Gotcha! More Big Bank BS...
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Banks Behaving Very Very Badly: With Robbie Barwick [Podcast]

An important discussion about Banking Culture with Citizens Party Research Director Robbie Barwick. Despite the progress from the Senate Inquiry into branch closures, some banks (we name them) are doing the wrong thing.

Why? Because they can and because they have powerful political influence (for now).

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Banks Behaving Very Very Badly: With Robbie Barwick [Podcast]
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Banks Behaving Very Very Badly: With Robbie Barwick

An important discussion about Banking Culture with Citizens Party Research Director Robbie Barwick. Despite the progress from the Senate Inquiry into branch closures, some banks (we name them) are doing the wrong thing.

Why? Because they can and because they have powerful political influence (for now).

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

More Digital Banking BS… [Podcast]

We look at the latest Senate hearings on Regional Branch closures, and discuss the continued misdirection coming from the cost-cutting banks – justified – so called – by the migration to digital banking.

But as discussed during the hearings, the banks do not want to talk about what they are doing, and a peoples bank is required to offer a real alternative.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
More Digital Banking BS... [Podcast]
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Westpac Wilts Under Scrutiny: With Robbie Barwick…

Breaking news, as Westpac reverses its decision to close some of its regional branches, in response to the pressure form the Senate inquiry (which we managed to get up). I discuss this with Robbie Barwick from the Citizens Party.

The job is not done yet, and we need to ensure the Treasurer reverses his support for a totally independent Central Bank!

Giving up authority over the RBA – The ultimate BETRAYAL of the Australian people https://youtu.be/EA7FhBZxfuM

https://citizensparty.org.au/media-releases/demand-democratic-accountability-reserve-bank-and-banking-system

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

CBA Breaks The Pledge To Pause Regional Bank Closures! [Podcast]

Dale Webster at The Regional has caught CBA out, as despite their promise not to close regional branches while the Senate Inequity is running, they are, by carefully defining down “Regional” to a very narrow definition, conveniently leveraging the ABS definitions, despite elsewhere calling these same regions Regional.

https://www.theregional.com.au/post/commonwealth-breaks-pledge-to-pause-regional-bank-closures

The Senate needs to hold CBA to account here. Write to your Senator, and also CBA management. This is plainly not acceptable nor within the spirit of their earlier statement! Well done Dale!

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
CBA Breaks The Pledge To Pause Regional Bank Closures! [Podcast]
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Access To Cash Must Be Preserved… [Podcast]

Access to cash is an essential requirement for businesses and households, and this aspect of the current Senate review into Regional Branch Closures is a critical issue.

This same issue is playing out in the UK, and today we look at a recent report which highlights some essential issues. This needs to be incorporated into the Senate’s current thinking.

https://researchbriefings.files.parliament.uk/documents/CBP-9453/CBP-9453.pdf

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Access To Cash Must Be Preserved... [Podcast]
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Access To Cash Must Be Preserved…

Access to cash is an essential requirement for businesses and households, and this aspect of the current Senate review into Regional Branch Closures is a critical issue.

This same issue is playing out in the UK, and today we look at a recent report which highlights some essential issues. This needs to be incorporated into the Senate’s current thinking.

https://researchbriefings.files.parliament.uk/documents/CBP-9453/CBP-9453.pdf

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Why Closing Branches Leads To More Online Fraud… [Podcast]

Dale Webster has been highlighting the significance of rising online fraud in the context of bank branch closures, and we discuss her recent submission to the current inquiry. Poor mobile coverage in the bush makes two factor identification laughable, and yet banks are paying tellers to push them online.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Why Closing Branches Leads To More Online Fraud... [Podcast]
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Finally, APRA Gets The Message!

Concurrent with the current Regional Branch Inquiry, APRA has announced a review of its Points Of Presence Data. This is welcome, because the current data contains many inaccuracies, and we need good data to ensure adequate transparency in terms of access to banking services.

https://www.apra.gov.au/discussion-paper-adi-points-of-presence-review

You can make a submission to this review.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/