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Bank Australia is an Australian customer-owned bank based in Collingwood, Victoria. The organisation can trace its origins back to 1957, when the CSIRO Co-operative Credit Society was formed. Over succeeding years, mergers among 72 other credit unions and co-operative banks eventually led to the creation of the Members & Education Credit Union ...
Its former constituent parts were the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia, and the Commonwealth Development Bank. Founded in 1911 by the Australian Government and fully privatised in 1996, the Commonwealth Bank is one of the big four Australian banks, with the National Australia Bank (NAB), ANZ and ...
The Bank of Australia was a failed financial institution of early colonial New South Wales. It was formed in 1826 and collapsed in 1843. It was formed in 1826 and collapsed in 1843. Founding
Bank of Australasia, Sydney, 1840s. (State Library of New South Wales) The Bank of Australasia was an Australian bank in operation from 1835 to 1951. [1] Headquartered in London, the bank was incorporated by royal charter in March 1834.
By the time the war ended on 11 November 1918, 324,000 Australians had served overseas. Casualties included 60,000 dead and 150,000 wounded—the highest casualty rate of any allied force. Australian troops also had higher rates of unauthorised absence, crime and imprisonment than other allied forces. [283]
A recent obituary in the Wall Street Journal recounted the colorful career of financier A. W. Clausen, a former World Banker and a moving force behind Bank of America during some of the ...
The bank was incorporated by the Colony of Victoria on 24 February 1859. [5] The bank opened its first branch in South Australia the same year. [citation needed] Expansion to other Australian states followed, with branches opening in Tasmania (1859), Western Australia (1866), New South Wales (1885) and finally Queensland (1920).
[6] [7] If an institution covered by the scheme were to collapse, the Australian Government would, at its discretion, issue debt securities that would be subject to US laws and financial regulations. [7]: 3 As of 2020, Australia has yet to issue any securities related to the deposit guarantee scheme through the entity. [8] [9]