The banks and federal government have brokered a deal to shore up services in the bush by expanding the membership and increasing funding for the banking operations of Australia Post.
The major banks have also agreed to moratoriums on regional branch closures until July 2027.
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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Tom McIlroy was the Financial Review’s Canberra bureau chief.
