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Calls for alternative BankWest buyer

Consumer watchdog Choice has today launched a campaign to find an alternative buyer for BankWest, which has accepted a $2.1 billion takeover from the Commonwealth Bank of Australia.

A three-day advertising campaign was due to have started today in The Australian newspaper, however the advertisements have been pulled for unknown legal reasons, Choice spokesperson Christopher Zinn told ABC720 this morning.

He said BankWest provides crucial competition to the big four banks, and the acquisition will restrict that between the banks.

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1st-Westpac94
2nd-Bankwest91
3rd↑Commonwealth Bank79
4th↓ANZ Banking Group74
5th-National Australia Bank67
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2nd↑Westpac282
3rd↑Commonwealth Bank280
4th↓National Australia Bank243
6th-ANZ Banking Group67
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