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by fortunbuds on Sep 28, 2009

A relatively young industry of banking jobs is one of the major attractor of jobs in Australia. Despite the developed levels of the economy and society, the Australian banking industry was for long tightly regulated. Banks in Australia were either "saving banks", paying almost no interest on deposits, or "trading banks" that provided no retail or personal banking services. Until the 1980s, foreign-owned banks were virtually debarred from doing business in Australia. Because of regulatory pressures, finance stayed largely in the hands of non-bank financial institutions. Under fewer restrictions, these provided and charged higher interest rates, but were limited in their service offerings. Banking jobs offered little professional or entrepreneurial challenge. However all that has now changed and this is great news for all those who are looking for banking jobs in Australia. With the deregulation of Australia's financial sector, banking jobs suddenly sprawled everywhere in...Read More >>

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