A Financial Tale of Two Cities: Sydney and Melbourne's Remarkable Contest for Commercial Supremacy
Describes the intense commercial rivalry between Sydney and Melbourne over a period of 150 years. While Sydney was established nearly 50 years before Melbourne, the great wealth generated by the Victorian goldfields soon gave Melbourne an unassailable position as the continent's richest center of commerce. The story of this contest for commercial supremacy is based on Jim Bain's own long experience in the Australian financial-services industry, and particularly his exposure to the competition and fierce rivalry that existed between the leading Melbourne- and Sydney-based banks, merchant banks, fund managers and stockbrokers. Bain focuses on the roles played by several financial institutions—and key personalities—over many decades.
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30 June 50 per cent acquired ANZ Bank appointed assets Australasia Australia Ltd Australia's largest Australian Bank Australian Stock Exchange Bain & Company Bank of Australia bank's became boom brokers capital chairman clients Commercial Banking committee Commonwealth Bank Corporation early equity ES&A established executive Federal FICC finance company firm's fixed interest fund managers Government growth head office Ian Potter increase industry institutions investment bank investors issue joined later listed companies loans London Macquarie Bank managing director market capitalisation Melbourne Stock Exchange merchant bank merger million NAB's National Australia Bank NatWest operations Ord Minnett overseas period Photo courtesy profit ranked Reserve Bank retired Savings Bank sector securities senior partner share shareholders sharemarket South Wales St George Bank staff stockbroking Sydney Futures Exchange Sydney Stock Exchange Sydney's trading banks turnover underwriting Union Bank Victoria Were's Zealand