Business Daily Media

Research suggests bigger banks are worse for customers

  • Written by Elizabeth Sheedy, Associate Professor - Financial Risk Management, Macquarie University

Yet again this week, the Hayne Royal Commission has brought disturbing news of misconduct toward customers of our largest financial institutions. This time super accounts have been plundered for the benefit of shareholders.

Recent research from economists at the United States Federal Reserve suggests this problem is not unique to Australia. If...

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