Christmas is coming, but the trek towards the holiday period isn’t yielding any rewards for our major banks. Before they can unwind, they will have to mull over and respond to the government’s Murray inquiry into the financial services sector.
It’s a significant report that could have wide-ranging implications. Just today it was revealed that the report will recommend a crackdown on credit card surcharges. Aside from marginally cheaper airfares, concert tickets and cab fares, that won't mean anything to the everyday person. But it could have serious implications for retail vendors and the future of payment systems in Australia.
Anyway, that’s next week. As for this week: I feel like a broken record after mentioning this last weekend, but it was another big week in business news, largely dominated by shifts in the oil price and Canberra’s last sitting week for the year. Here are The Ticker’s top stories:
Graph of the week: Are our retailers really investing in online? This graph says no.