APRA confirms closure of over 400 bank branches in Australia over 12 months

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The Australian Prudential Regulation Authority confirmed on Wednesday that a major chunk of the nation’s bank branches have disappeared. It comes as 129,000 outraged Australians have called for a guarantee that access to banking will not continue to shrink.

said in a statement on Wednesday. Annual data from the banking regulator reflects the anecdotal experiences of many customers, whose concerns are currently being investigated in a Senate Committee Inquiry into bank closures in regional Australia. “

 

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