By
A new survey of 1,000 people held by Abacus (the initiators of the Balanced Banking campaign), has revealed that many Australians are not aware to what extent the big fours’ hold actually reaches.
Many people reportedly believe the major banks own up to 70% of home loans on the market, but Abacus says that figure actually stands at 92%.
Abacus CEO, Louise Petchler, says Australians are angry about the dominance of the major banks.
"In an election year, consumers are demanding politicians deliver a better banking deal for Australians."
