The report presents analysis of the banking sector and two key companies operating within this sector which include ANZ and Commonwealth Banks. The banking industry is the largest sector in Australia dominated by four key banks; that is, ANZ Bank, Commonwealth Bank, NAB as well as Westpac Banking Corporation. Besides, the banking industry is amongst the largest contributor to national economy in Australia contribution about $140 billion in the country GDP every year. Commonwealth and ANZ Bank are the two biggest players in the Australian banking sector each providing wide range of savings accounts, transaction accounts as well as other financial services and products.