in case you thought Australia understood banking
February 08, 2010 at 07:15 AM EST
[Skip to the end] Or maybe the money fund lobby is in control. As always, the liability side of banking is not the place for market discipline. Australia Removes Funding Guarantee Even as Economy Is Fragile By Shani Raja Feb. 8 (Bloomberg) — The Australian government is withdrawing a guarantee on large deposits and wholesale funding that helped banks access [...]