Our banks have lost their way

By Stephen Anthony
Updated October 3 2017 - 6:53pm, first published 1:56pm
There is no easy fix for the short-term incentives that drive our banks. Photo: Louie Douvis
There is no easy fix for the short-term incentives that drive our banks. Photo: Louie Douvis

Australia's banks are failing to meet their public obligations to drive growth and raise community welfare. This is a long-term problem. Public confidence in Australia's banks has steadily eroded since financial deregulation in 1983. The brand of the big four, especially CommBank, is now at its nadir.

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