Money Magazine

Safety comes first for our savings

BANKING Michelle Baltazar

A ustralia's banks aren't very popular right now, and neither are the Reserve Bank nor its governor, Philip Lowe. But when things go wrong in the US banking system, as in the case of Silicon Valley Bank (SVB) and other smaller regional banks, we should pause for a moment to consider that Australia's banking system is robust and well regulated through national legislation, rather than the seemingly piecemeal network of state-based financial regulation that

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