The veiled threats facing Australian banks

As smaller lenders break into apartment mortgaging and European banks muscle in on corporate funding, the big four could be in for a nasty shock.

Strange things are happening in the banking industry and I am not sure the big banks are fully prepared for the new environment.

As I yarn to large prosperous companies they tell me that in recent times big overseas banks, particularly those from Europe, are suddenly knocking on their doors, offering loans at lower costs than Australian banks.

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