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Angel Zhong, Associate Professor of Finance, RMIT University

DARK SECRETS: Anz s takeover of suncorp will reduce bank competition but will that be enough to block it | Rare Historical Photos

Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more than about three-quarters of the market.


Read more: Four pillars or four pillows? Banking's comfy collective

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