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/
