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The Conversation
The Conversation
Angel Zhong, Associate Professor of Finance, RMIT University

ANZ's takeover of Suncorp will reduce bank competition – but will that be enough to block it?

ANZ Suncorp Commonwealth Bank Westpac Australia National Australia Bank Bankwest Jim Chalmers Australian Competition and Consumer Commission Productivity Commission

Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more than about three-quarters of the market.

Read more: Four pillars or four pillows? Banking's comfy collective

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