Collusion for Illusion: Australia’s “Big 4″ Banks are All Owned by the Same Financial Interest

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Wake Up World - Lee Maddox, 7/29/13

ownership tree

Source: http://www.spankyourbank.com.au

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.

By this time you’re probably wondering about the Reserve Bank of Australia (RBA). Well you should be.

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