NAB declares banking cartel dead

National Australia bank has taken out a series of full page advertisements in today’s press in the form of a letter to the other three big banks to declare that “it is over between us.” Drawing on public perceptions that the big banks collude or at least adopt very similar pricing practices, NAB uses humour to make the point that it will no longer act in similar way to other three banks. “Im trying to be a better bank for my customers,” said NAB.

Source: The Age