The global financial crisis has meant Australia’s top four banks have moved into the world’s top 10 banks in terms of financial soundness. While that says a lot about Australia’s regulators and regulatory environment, the global financial crisis has also meant much of their competition has been wiped out as customers consolidate around ‘sound and solid’ institutions.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
History shows American political violence is nothing new: Thomas Jefferson said ‘the blood of patriots’ is liberty’s ‘natural manure’
If you select “virtually any date in US history, it would be possible to find the same poisonous ingredients [… that] percolated violently to the surface on January 6th, 2021,” writes journalist and historian Nick Bryant in his new book, The Forever War: America’s Unending Conflict with Itself. Over two centuries ago, in 1787, Thomas Jefferson,
Corporate profits increase inflation | Fact Sheet
The prices of many goods and services have increased dramatically across Australia since 2021. This has resulted in hardship for many households—along with $100 billion in increased profits for major companies. These corporate profits have been a key factor driving inflation.
ACCC Suing Supermarkets as Price Gouging Drives Inflation, Rate Hikes
The ACCC launching legal action against Coles and Woolworths today for misleading consumers reinforces the findings of Australia Institute and Centre for Future Work research, that showed inflation is higher because of big businesses price gouging. Key Points: The Australian Competition and Consumer Commission (ACCC) has launched legal action against Coles and Woolworths for misleading