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The ACCC may step in to block further bank mergers in order to maintain competition.
According to today’s The Australian Financial Review the move would be a result of increased political and consumer backlash over increased bank profitability.
The ACCC’s chairman Graeme Samuel also said the increased dominance of the Big Four banks could encourage anti-competitive behaviour, including signalling to one another how they plan to respond to cuts in the official cash rate.
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A former broker head has returned to MyState Bank to tackle turna...
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The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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