The banks don't seem to be in any rush to "merge" into one....
ie Westpac/st george, Commbank/bankwest etc
I thought there would be "synergies" in doing this or are those banks on lower wages/conditions to?
Incidently, talking about banks, why can't American banks set up here and lend at essentially half price? Is it because of a AUDUS exchange rate downside risk, or is the banking sector not fully deregulated?
Haha - its not a wind up, its a decision that needs to made pretty damn soon because some figures will be published soon in the annual report that will beg a lot of questions, not just this one!!!!!!!
Last edited by catch18; 1st Aug 2012 at 10:52.