Election 2001: When will the parties support a new bank?
Former ANZ Chief calls for inquiry into “People’s Bank” Will Bailey, former chief executive of the ANZ Bank, has called for a major public debate and inquiry into the establishment of a new government-backed “people’s bank” to service hundreds of thousands of Australians left behind from the deregulation of the financial system. He called on the major political parties to make a commitment, before the Federal election, into holding a public inquiry next year. Mr Bailey was head of the ANZ bank for most of the 1980s, deputy chairman of Coles Myer from 1992-95, and as a member of the…