Big Four, Always Gettin’ More

Photo via Kenteegardin on FlickrIt would be a understatement to say that the Big Four Banks wield a lot of power over the Australian Economy. They have the option of passing on the Reserve Bank’s interest rate cuts, which they often choose to do.

What does this concentration of ownership mean for the Australian economy?

Angus Randall spoke with David Richardson from The Australia Institute who has recently authored the paper titled The Rise and Rise of the Big Banks: Concentration of Ownership.

Download Interview

Produced by Bill Walter

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s