Banking - Market opinion swells against Canberra's four pillars policy

Government prevention of mergers among its big four banks is seen both as a help and a hindrance. While foreign takeovers are off the table, the risk is that mega-banks will be created in the US and Europe to leave their Australian peers no more than minnows. Wouldn't it be better to have fewer but stronger banks to face the tough times ahead, asks Lachlan Colquhoun.