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Perhaps a bit more competition would be a good thing, they are making their profits of us :( <<The Bank of International Settlements (BIS) found that Australia?s major banks saw a higher rise in pre-tax earnings as a share of their total assets compared to banks in other developed countries...

Our banks are among the most profitable in the world because they are protected and propped up by government legislation. That profit goes to the shareholders, should they collapse the government ( aka "us") will refinance them. Their profit margin between deposits and loans is the best in...