Collusion for Illusion

SPOTLIGHT2

Real News Australia

Australia’s Big 4 promote competitiveness amongst themselves when they are all owned by the same financial (mostly foreign) interests

By General Maddox.
So what do Australia’s “Big 4” have in common besides siphoning all our money into their coffers? NAB, ANZ, Westpac & Commonwealth Bank are publicly listed companies. So that means they have shareholders right? Well did you know that the top 4 shareholders in each of the “Big 4” are in fact the same?

NAB
1 – HSBC Custody Nominees
2 – J P Morgan Nominees Aus Ltd
3 – National Nominees Ltd
4 – Citicorp Nominees Pty Ltd

ANZ
1 – HSBC Custody Nominees
2 – J P Morgan Nominees Aus Ltd
3 – National Nominees Ltd
4 – Citicorp Nominees Pty Ltd

Westpac
1 – HSBC Custody Nominees
2 – J P Morgan Nominees Aus Ltd
3 – National Nominees Ltd
4 – Citicorp Nominees Pty…

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Categories: Spotlight

2 Comments on “Collusion for Illusion”

  1. July 5, 2013 at 6:41 AM #

    Cheers Ethan.

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