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Tag Archives: Banks

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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