2  Cannon, M.(1966), The Land Boomers, Melbourne University Press, Melbourne, p. 12. 3  Hewat, T. (1992), Banking on the Bendigo, Wrightbooks Pty Ltd, Brighton, p. 1. 2  BIS Review 88/2008  Recent developments exposed the risks inherent in a business model involving heavy reliance on wholesale, short-term funding and securitisation of loans. For some institutions, events unfolded in devastating fashion.
We saw a run on a significant British bank for the first time since the gold rush days in Bendigo. On the other hand, during this period, the virtues of a well run, straightforward business model, reliable retail funding, strong knowledge of the local market, and a suite of attractive retail banking services came once again to the fore.