CBA’s acquisition of BankWest has been given the governmental green light, but how many other mergers will we see this year?
And with predictions that Westpac-St George alone could lead to 2000 layoffs, how many more jobs will be lost as banks tie the knot?
Bendigo and Adelaide Bank, Bank of Queensland and Suncorp look the most likely buyout targets. Bank of Queensland chief executive David Liddy said in December that his bank is open to some kind of partnership. But Bedigo seems set on staying solo.
CBA and ANZ tried unsuccessfully to court Suncorp last year. But just how long can the regional banks hold on? And should we be worried if more of them come under the control of the Big Four? Consolidate your thoughts below.