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Aussie banks need prosecuting for misuse of power – lobby group
Monday 5th of May 2025
Misuse of market power is being levelled at the big four Australian-owned banks by lobby group Banking Reform Coalition. It wants the Commerce Commission to prosecute.
It is framing the banking sector’s record profits of $7.22 billion during last year’s recession as illegal and an abuse of market power at the expense of smaller New Zealand competitors, whose profits dropped...
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