Australia to remove bank and funding guarantees
CANBERRA |
CANBERRA Feb 7 (Reuters) - Australia will end its bank deposit and bank funding guarantees from the end of March, Treasurer Wayne Swan said on Sunday, saying the guarantees had added to the stability of Australia's financial system.
The government guarantees were announced in October 2008 to help banks maintain access to funding during the global financial crisis, and to ensure customer confidence in Australia's banks.
(Reporting by James Grubel)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters