“The banks will be furious,” said one Coalition strategist of the budget that treasurer Scott Morrison will hand down tonight. In the usual roll calls of winners and losers that follow each federal budget, the major banks are looking like they could be in the latter category in a big way. Morrison announced yesterday that he had asked the Productivity Commission to review competition in the banking sector, warning there should “be no denying that there has been an increased consolidation of the position of the major banks.” Then last night Sky News Business reported on plans to impose a levy on institutional ... (full story)