An Impact Press book

  • Published: 1 November 2019

  • ISBN: 978-1-920727-95-6

  • ISBN ePUB: 978-1-920727-94-9

  • Format: Paperback

  • AU: $32.99

  • eBook: $14.99

  • Categories: Banking

Also available as an ebook

About the Author

Joseph Healy is a career international banker who has held executive positions at NAB, ANZ, CIBC World Markets, Citibank and Lloyds Bank. He is the co-founder and co-CEO of Judo Bank, a challenger bank focused on small-to-medium enterprises. He has written two books, and is an Adjunct Professor at the University of Queensland Business School. He holds a Masters in Banking, MBA, MSc in Finance, MSc in International Management in China and MA in Contemporary Chinese Studies. Joseph is also member to the advisory council of World Vision Australia, a member of the Australian Institute of Company Directors, and a member of the Chartered Institute of Bankers.

in the MEDIA

Read Joseph’s thoughts on the Big Four Banks at the Australian Financial Review

Read Joseph’s interview with the Australian on the inequity of CEO bonuses in the banking industry

Read Joseph’s article on the Australian ‘Sharing blame for banks’ faults’

Listen to Joseph on ABC PM with Linda Mottram

breaking the banks

What went wrong with Australia’s banking?

By Joseph healy

What was once an industry built on trust, professionalism and value, has become synonymous with greed, complacency and everything that has gone wrong with capitalism. So how did Australian banks, which avoided much of the aftermath of the GFC, lose their way and become engulfed in scandal?

Breaking the Banks delves into the causes and effects of the banking crisis that plagued Australia and the world, to re-establish the fundamentals of banking that for so long have been overshadowed by power and wealth, and provides us with a crucial blueprint to revolutionise the future of banking.

With expertise in banking that spans over three decades and several markets and as a former senior executive at two of Australia’s largest banks, Joseph Healy, co-founder of Judo Bank, writes the insider’s account of the banking crisis that plagued Australia and the world.

Praise for Breaking the Banks

A blueprint for building a sustainable future for ethical banking.
ANTHONY THOMPSON, FOUNDER, METRO BANK, ATOM BANK AND 86 400

Knowledgeable, fact-based and courageous. This is an essential read for all people interested in what went wrong with the banks and what has to change.
KATE CARNELL AO, AUSTRALIAN SMALL BUSINESS OMBUDSMAN

Healy brings refreshing moral clarity to the question of what’s gone wrong with Australian banks. His insights lay the foundations for customers and citizens to demand real change.
DR LESLIE CANNOLD, ETHICIST, REGULATOR & AUTHOR

Joseph Healy is a well-seasoned banker, academic and entrepreneur but, most importantly, a thinker. Credentials that make this book very timely and a key contribution to the current and ongoing debate on the evolving financial system.
JOHN FRASER, FORMER SECRETARY TO THE TREASURY 

‘It is rare to read such great insights, written in plain English, from a lifetime banking practitioner. Joseph describes what is wrong with banking and where the future lies. Joseph, as co-founder and joint leader of Judo Bank, will deliver considerable opportunities for clients in the huge and unsatisfied small to mid-sized banking market.’
JOHN DAHLSEN, FORMER ANZ DIRECTOR 

‘This book makes a powerful argument for professionalism in banking and a reminder that banking needs to always focus on long-term outcomes for customers, the bank and the economy.’
CHRIS WHITEHEAD, CEO of FINISA

This is a very worthwhile, well-informed book, by an experienced banker.
PROFESSOR ALLAN FELS AO FORMER CHAIR, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION 

Joseph Healy has authored a remarkable book on the Australian Banks. As the findings of the Royal Commission continue to reverberate, Healy’ work focuses on the fundamental fissures in Australian banking and how to reconceive and rebuild the banks to fulfil their original purpose. He asks fundamental questions that demand answers, and places responsibility squarely where it belongs with bank senior management and boards of directors.
PROFESSOR THOMAS CLARKE, UTS BUSINESS AND AUTHOR OF CORPORATE GOVERNANCE: A SURVEY (2019), CAMBRIDGE UNIVERSITY PRESS