TY  - Report
AU  - David Richardson



PY  - 2012
T1  - The rise and rise of the big banks
PB  - The Australia Institute


DO  - https://doi.org/APO-32326
UR  - https://apo.org.au/node/32326

AB  - 
The Australian banking industry is the most concentrated in the world  and also the most profitable. In fact the ‘big four’ Australian banks  make up four of the eight most profitable banks in the world.
The big banks have conceded that they are not highly competitive but  have argued that their market power provides benefits in the form of  ‘financial stability’. Yet in other contexts the big four banks argue  that they are highly competitive. The following evidence shows clearly  that this is not the case.
ER  -