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Jonathan Shapiro

How the big banks got out of Canberra’s line of fire

The big four bank chiefs can stride confidently into the capital. Perhaps the supermarkets, now under attack, can learn something from their rehabilitation.

Jonathan ShapiroSenior reporter

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As a cost-of-living crisis reverberates through the economy, the big grocers have assumed the status of public enemy No. 1.

But one sector has slipped quietly out of the line of political fire. The big four banks are no longer making headlines for ripping off customers, booting business owners out of their homes or passing through out-of-cycle mortgage rate increases.

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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/how-the-big-banks-got-out-of-canberra-s-line-of-fire-20240827-p5k5vi