The federal government has decided Australia’s banks can survive on their own without taxpayer-funded guarantees.
Deposits of more than $1 million will no longer be guaranteed from the end of March, although bank accounts with less than $1 million will continue to be underwritten until late 2011.
The government is also phasing out its wholesale guarantee of [...]
The federal government has decided Australia’s banks can survive on their own without taxpayer-funded guarantees.
Deposits of more than $1 million will no longer be guaranteed from the end of March, although bank accounts with less than $1 million will continue to be underwritten until late 2011.
The government is also phasing out its wholesale guarantee of [...]
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