A banking industry levy to share the cost of providing rural banking services could still be on the cards if the Albanese government is re-elected, after the Federal Treasury made a request to regional banks for detailed cost data.
This would be a blow to some of the major banks, which have been closing regional branches in recent years in favour of an expanded digital offering.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
