Revealed: A big four bank was close to GFC collapse

Monday 5 November 2018

A major Australian bank was on the mat at the height of the global financial crisis in 2008, the second volume of memoirs by former Labor prime minister Kevin Rudd reveals.

Rudd lifts at least some of the veil that has long obscured public understanding of the most disconcerting facts defining the apex of that year’s banking crisis.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.