ANZ's takeover of Suncorp will reduce bank competition – but will that be enough to block it?

By Angel Zhong, Associate Professor of Finance, RMIT University

Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more about three-quarters of the market,

Read more: Four pillars or four pillows? Banking's comfy collective

It will become even more concentrated if ANZ – the “minnow” of the big four – completes its plan to buy the banking division of Queensland-based…

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