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Tag Archives: ANZ

Australia’s move towards a cashless society

New reports reveal the shift to a digital economy is accelerating.

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Who really owns the ‘Big Four’ banks in Australia?

Australia’s ‘Big Four’ are not merely big, they’re massive.

Their combined assets stood at $2.86 trillion in 2013 – or roughly twice the size of Australia’s national income.

They also annually make up four of the five largest Australian companies by market capitalisation, together representing more than a quarter of the market, with control of 88% of residential mortgages and 80% of deposits according to the IMF.

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Australian banks financing companies accused of land grabs, child labour

Oxfam report accuses Big 4 of financing illegal activites. Photo: SMH Australia’s leading ‘Big 4’ banks – National Australia Bank (NAB), Commonwealth Bank (CBA), Westpac and ANZ – have been accused of supporting land grabbing, child labour, forced evictions, inadequate compensation, food shortages and illegal logging, according to an Oxfam report released in April. The report, […]

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