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Legal Issues - Privacy, Credits, Copyright, Disclaimer. .' In its response to the report the Government has stated that face to face banking does not require the existence of a traditional bank branch and that financial institutions that neglect their branch network risk losing customers. They don't understand that the banks are happy to lose customers. Banks are only interested in customers that make them large profits and regard the rest of us as an inconvenience and a burden," said Senator Conroy, Shadow Minister for Financial Services and Regulation. |
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John Howard's Record on Banks Since John Howard was elected, 1,505 branches have closed - over 350 in the last year. John Howard has said that banks have social obligations - but he has taken no action. Labor has called for the Federal Government to bring the banks together to establish a social charter of community obligations. Legal Issues - Privacy, Credits, Copyright, Disclaimer. . |