bank levy

Jobs under threat as banks react to new levy

What is it with ex-state premiers and the finance industry?

First, Anna Bligh took on the leadership of the Australian Bankers Association (ABA), then Mike Baird moved to NAB in a senior executive role, and now Nathan Rees has become the national assistant secretary of the Finance Sector Union.

Banks threaten campaign against tax levy

As expected, the major banks are preparing to launch a media war against the Turnbull government鈥檚 proposed $6.2 billion bank levy, as outlined in Treasurer Scott Morrison鈥檚 May 9 federal budget speech.

Australian Bankers鈥 Association head Anna Bligh was furious. She said a campaign was being considered, claiming the government was playing 鈥渇ast and loose鈥 with the nation鈥檚 financial system.