The disappearing bank branches and the communities left behind
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Australian banks have shut or earmarked the closure of almost 300 branches since the pandemic accelerated consumers’ switch to online banking.
Many branches that initially had temporarily closed during the height of the pandemic will never reopen and some communities have been left with no local bank.
Mortlake residents Doug Parker, Kelvin Goodall, Jill Parker and Rosalie Goddard are upset at the closure of their only bank leaving them with an over 40-kilometre journey to the nearest town with an ATM.
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Goldman reaffirms its conviction buy on this ASX share on Yallourn shutdown
Brendon Lau | March 12, 2021 3:43pm |
More on: Image source: Getty Images
The decision to close the Yallourn power station years ahead of schedule is getting Goldman Sachs more excited about this ASX share on its conviction buy list.
EnergyAustralia sent shockwaves through the energy market and the Morrison government when it said it will close the coal-fired power station four years ahead of forecast.
The move is backed by the Victorian state government but has riled up the federal government who warned of higher power bills.
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