There’s a changing of the guard underway in Australia’s banking industry, at least in terms of what investors think Australia's biggest banks are worth. Macquarie Group recently overtook ANZ Bank to become the nation’s fourth-largest bank by market capitalisation, and it wouldn’t take a dramatic change for Macquarie to also knock Westpac off its perch in third place. It is an interesting symbolic change, one that...
To read more go to The Sydney Morning Herald