Can the Wallabies bank on Banks? A Set the default text size A Set large text size
Replay A Set the default text size A Set large text size
Historically, the only safe place to store your money was in a bank.
You had no worries about accessing your money and were comfortable with it being there. You could even get a modest return on your investment relatively risk-free. Besides, what other options do you have?
Trust in banks remained fairly solid. At least until the global financial crisis (GFC) and more recently the banking royal commission. People realised that trust was misplaced.
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