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Productivity Commission report scathing of big banks

Federal Treasurer Scott Morrison
Federal Treasurer Scott Morrison addresses the Australian British Chamber of Commerce in Sydney, Friday, 3 August, 2018. Source: AAP Image/Jeremy Piper

Australia's big banks have been accused of using their power to exploit customers and strangle competition. A damning report from the Productivity Commission has found the sector is dominated by a handful of players which continue to push up costs.


Published

Updated

By Omar Dabbagh

Presented by Aleksandar Zivkovic

Source: SBS



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Australia's big banks have been accused of using their power to exploit customers and strangle competition. A damning report from the Productivity Commission has found the sector is dominated by a handful of players which continue to push up costs.



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