What are the four banks?
Depending on the geographic or economic context, references to "the four banks" frequently designate dominant national banking oligopolies. In Australia, this refers to the "Big Four" major banking institutions: Commonwealth Bank, Westpac, National Australia Bank, and Australia and New Zealand Banking Group. In South Africa, it denotes the four dominant commercial institutions: Standard Bank, FirstRand, Absa Group, and Nedbank. These banking groups command the vast majority of national retail deposits, residential mortgages, and commercial lending portfolios within their respective jurisdictions.
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