In response to concerns over how our financial institutions operate, we recently launched a piece of research on the issue of bank ownership in Australia. Often consumers who choose to bank with smaller, more independent banks may, in fact, be banking with one of the ‘Big Four’. The following examination of who owns the big four (ANZ, Commonwealth Bank, NAB and Westpac) is the logical follow-on from that initial investigation.
Australia’s big four are not merely big, they’re massive. Humongous. Their combined assets in 2013 stood at $2.86 trillion—or roughly twice the size of Australia’s national income.
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