Major banks are gaining a competitive advantage over smaller banks by receiving a 20 to 30 basis point benefit from taxpayers for being ‘too big to fail’, according to ME...

The industry funds-owned ME Bank has backed the imposing of the major bank levy claiming it will help level a playing field skewed by the GFC and bank guarantee....

A Parliamentary committee has been told the major bank levy is ‘all fizz, no pop’ and may simply provide the banks with an excuse to embark on a round of job cuts....

National Australia Bank chairman, Ken Henry has reflected the united voice of the major banks against the bank levy but the major parties seem equally united in supportin...

The ABA has called for the Government to undertake a thorough regulatory impact statement of the bank levy before the bill is passed through Parliament....

The big bank CEOs are threatening fallout from the bank levy including impacts on suppliers and media....

ABA chief executive, Anna Bligh has asked for more information on the bank levy modelling and its economic impact in a ‘truncated consultation period’....

The Business Council of Co-Operatives and Mutuals has called on bank customers to change to mutuals and credit unions when the bank levy comes into force on 1 July....

The major banks are facing a bipartisan pincer on the proposed bank levy with Federal Opposition leader, Bill Shorten backing such a move while continuing his calls for a...