APRA Hopeless On Branch Closures...

Journalist Dale Webster over at The Regional has rightly launched an attack on APRA, the banking regulator. https://www.theregional.com.au/post/apra-bogged-in-a-data-mess-of-its-own-making They released their annual points of presence data that showed an 11 per cent fall in bank branches nationally in 12 months. It triggered HEADLINES around Australia last week screamed out about bank closures. Channel Nine was one of many media outlets that picked up the story, reporting 424 branches had “shut their doors for the final time”. As Dale writes, the problem is APRA never actually said that. “The latest statistics show a further decline in bank branches in the year […]