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Bank Australia is an Australian customer-owned bank based in Collingwood, Victoria. The organisation can trace its origins back to 1957, when the CSIRO Co-operative Credit Society was formed. Over succeeding years, mergers among 72 other credit unions and co-operative banks eventually led to the creation of the Members & Education Credit Union ...
The Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher Labor government, which favoured bank nationalisation, with effect on 22 December 1911.
Australian Unity Bank [10] Melbourne: 1840 Subsidiary of Australian Unity Limited Auswide Bank (formerly Wide Bay Building Society) Bundaberg: 1966: Avenue Bank: Sydney: 2021 [11] Bank Australia (previously Members and Education Credit Union & Bankmecu) Melbourne: 1957: Customer-Owned [12] Certified 2020 [13] BankFirst: Melbourne: 1972: Bank of ...
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In Australia, the "big four banks" refers to the four largest banks that have historically dominated Australia's banking industry in terms of market share, revenue, and total assets. [3] [4] The "big four banks" of Australia are: [5] ANZ Bank; Commonwealth Bank (fully privatised in 1996) [6] National Australia Bank; Westpac
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
The Reserve Bank is currently governed by the Reserve Bank Act 1959. [4] Section 10(2), commonly referred to as the Bank's charter, states that Bank's duty is "to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia" to be achieved by exercising its powers "to contribute to:
It is Australia's second-largest bank by assets and fourth-largest bank by market capitalisation. [2] Its current corporate entity was established on 1 October 1970, when the Australia and New Zealand Bank (ANZ) merged with the English, Scottish & Australian Bank (ES&A). [3] It was the largest bank merger in Australian history at the time.