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Time to take out ‘too-big-to-fail’: Economists

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Australian Broker | 08 Jan 2014, 06:00 AM Agree 0
The previous two major financial system inquiries categorically failed to address competition issues in the nation’s banking sector, say leading economists.
  • Patrick Mcmenamin | 08 Jan 2014, 11:35 AM Agree 0
    Too many good sized regional banks have been gobbled up by the majors. State Bank (NSW), Bank SA, Bank West, Bank of Melbourne etc etc. The ACCC should have simply said no and encouraged mergers between these to gain enconomies of scale as an alternative.
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