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Were they having troubles accepting deposits?
by pacerwpg 4y ago
Were they having troubles accepting deposits?
- hestefisk 4y agoNo they were actually a decent bank. Offered 1.5% interest on CASA when others offered next to nil. They were the first bank in Australia to approve a home loan in 15 minutes, something which others could only dream of. But they needed more funding. Banking in Australia simply does not have enough competition and customers are extremely sticky.