ANZ's takeover of Suncorp will reduce bank competition – but will that be enough to block it?
- Written by Angel Zhong, Associate Professor of Finance, RMIT University
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 about three-quarters of the market,
Read more: Four pillars or four pillows? Banking's comfy collective
It will become even more concentrated if...