Hi guys... was wondering if anyone could shed some light into this... ive read that commonwealth bank have just agree to buy bank west... with rudd assuring that australian banks will be safe... does this apply to bank west?? will commonwealth bank back up bank west with all they got?? cheers guys...
Hi King, Both CBA and BWA are guaranteed according to the Australian Treasury Dept. A FULL list is found here...Government Announcements - Guarantee of Wholesale Funding and Deposits Cheers, Dan