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Tricontinental eventually collapsed with losses of A$ 1.5 billion, which threatened the existence of the State Bank and led to its sale to the
Commonwealth Bank. The overall sale price was A$ 2.0 billion.
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decision to increase interest rates in 1989 brought about the deep recession that put pressure on those financial institutions that were heavily exposed to the property market.
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The State Bank collapsed due to the weight of the grossly irresponsible lending made in the 1980s, in particular by its
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62:. In 1980 its name was changed to the State Bank of Victoria, the name it had until its sale to the
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Another contributor to the State Bank’s decline was its acquisition of the already troubled
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The collapse of the State Bank was a key factor in the defeat of the
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State Bank of
Victoria logo, scanned from a letter dated January 1987
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that existed from 1842 until 1990 when it was taken over by the
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This
Victoria (Australia) government-related article is a
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Hugo
Armstrong (1992), 'The Tricontinental Affair,' in
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Defunct government-owned companies of
Victoria (state)
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Trials in Power. Cain, Kirner and
Victoria 1982-1992
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261:State Bank of Victoria House Plans and Designs
187:"SBV victorious in battle for Australian Bank"
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435:Australian companies disestablished in 1990
221:, Melbourne University Press, Carlton, Ch.3
173:, www.emelbourne.net.au/biogs/EM00153b.htm"
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203:– via National Library of Australia.
54:had been founded on 1 January 1842 as the
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150:"Canberra buys State Bank of Victoria"
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415:Economic history of Victoria (state)
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66:in 1990 and subsequent dissolution.
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256:Public Record Office of Victoria
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60:State Savings Bank of Victoria
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195:. 24 January 1989. p. 17
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125:State Bank of South Australia
113:1992 Victorian state election
405:Banks disestablished in 1990
353:. You can help Knowledge by
300:. You can help Knowledge by
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56:Savings Bank of Port Philip
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410:Defunct banks of Australia
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171:Bank and Financial Crashes
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400:Banks established in 1842
217:and Brian Costar (eds.),
79:Reserve Bank of Australia
103:and the election of the
50:A government-controlled
296:-related article is a
38:. It was owned by the
28:State Bank of Victoria
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166:D.T. Merrett (1992),
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266:State Bank Victoria
192:The Canberra Times
99:government led by
30:was an Australian
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156:. 27 August 1990.
154:New Straits Times
88:in January 1989.
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197:. Retrieved
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199:16 December
101:Joan Kirner
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73:subsidiary
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131:References
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111:, at the
119:See also
107:led by
46:History
288:This
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298:stub
292:and
290:bank
201:2018
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