NAB, ANZ, Westpac & Commonwealth Bank are publicly listed companies. So that means they have shareholders right? Well did you know that the top 4 shareholders in each of the Big 4 are in fact the same? Although Australia’s Big 4 promote competitiveness amongst themselves, they are all owned by the same (mostly foreign) financial interests; specifically HSBC Custody Nominees, J P Morgan Nominees Aus Ltd, National Nominees Ltd and Citicorp Nominees Pty Ltd.
Read more about Australia’s “Big 4″ Banks are All Owned by the Same Financial Interest
Read more about Australia’s “Big 4″ Banks are All Owned by the Same Financial Interest
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