Dozens of sub-scale, customer-owned banks are feeling the strain of competing against the big four, and they suggest the federal government could provide the public balance sheet to ensure they survive.
MyState says regulatory settings have created an uneven playing field, making it harder to compete with major banks. AAP
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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
