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Strong competition among Australian banks was temporary, Australian watchdog tells court

By Saloni Sinha
  • 11 Dec 2023 07:50
  • 11 Dec 2023 07:50
The recent spike in competition among Australia’s major banks is a result of temporary demand sparked by the Covid-19 pandemic and Russia’s invasion of Ukraine and shouldn’t be seen as an enduring market feature, Australia’s competition watchdog told an Australian court today.
During the fifth day of a two-week court

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