Banks are NOT government guaranteed companies!!!!
During the G20 meeting in Brisbane, Nov 2014, it was agreed that bank bail in's would be the policy in future bank failures. Not bank bail out's such as the American banks had during the GFC.
Just look into what happened in Cyprus if you want proof.
If Westpac gets into trouble, the government wont save it. Looks likely now that a Labor government will be in power soon. They have been critical of the banks for a very long time. I cant see them doing the banks any favours.
After all the bad news that has come from the royal commission, the public certainly doesn't have a high regard for the banks. The mandate for the government to do something, wont be there.
Banks are NOT government guaranteed companies!!!! During the G20...
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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| Last updated 15.59pm 08/05/2024 ? | |||||
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