bank levy

Funds management

US regulators move to impose new levy on big banks

A new levy on large US banks has been proposed by regulators, set to deliver a two-year blow to earnings....

Financial planning

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...

Policy & Regulation

Industry funds-owned bank backs bank levy

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....

Financial planning

Bank levy is ‘all fizz, no pop’

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....

Policy & Regulation

Truculent banks facing political fait accompli

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...

Policy & Regulation

ABA calls for bank levy impact statement

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....

Policy & Regulation

Big bank CEOs threaten fallout

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

Policy & Regulation

ABA demands more bank levy detail

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

Financial planning

Bank customers told #switchdontbitch about bank levy

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....

Policy & Regulation

Major banks face bipartisan pincer

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...