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Rising bad debts in Australia – A call for action

Australia’s banks are counted among the sturdiest in the world. They sidestepped the last financial crisis, and the big four – NAB, CBA, ANZ, and Westpac - boast some of the highest credit ratings globally. The big four have had six consecutive years of record profits, driven in part by very low bad debts. In fact, according to the Reserve Bank of Australia, the read more...

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