Greens call to split-up banks no panacea, but worth investigating

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By Leith van Onselen

The Australian Greens yesterday launched a proposal to split-up Australia’s banks:

“The Hayne Royal Commission has proven that the foundations of our banking and financial system are rotted through. It’s past time we stopped letting these huge corporations get away with fraud, bribery and other systemic abuses of the customers they are supposed to serve,” Di Natale said.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.