Sydney must avoid it for banking not to go the way that the...

Sydney must avoid it for banking not to go the way that the banking did in New Zealand. Australia still needs Sydney and NSW firing, as the tyranny of this virus in Melbourne cannot also occur in Sydney otherwise Australia will possibly be unbankable. potentially disastrous for ANZ and its portfolio.

On the other issue, I think industry consolidation is possibly the only way out with the Sydney based banks taking out their less well based and functioning Sydney based powerful banks.

Negative interest rates might also be a way for Australia to recover but it appears to have been ruled out for now.

The Health industry in Australia appears to be a mix of public and private, federal and state and not really suitable for a modern banking sector. In Victoria, the Health Department appears to be very poorly functioning and heavily labor unionized.

Banks especially Melbourne ones like ANZ should have taken their civic and corporate social responsibility more seriously than what they did.

Instead of supporting or hosting political functions and lobbyists, banks like ANZ could have been assisting a better and more resilient health system in the city that used to, in fact still does, call its headquarter center home IMHO.