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'Investing in the major banks is set to change profoundly': Citi

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Australia's banks need to prepare for the new era of "utility" banking by cutting costs and exiting businesses that are hurting their profits. That's the verdict from Citi's banking analysts, led by Craig Williams, who have published a big-picture report on the prospects for the nations lenders as they face…

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Click here to read the full story: Australian Financial Review

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