westpac

Example:While Westpac is a major bank, many smaller banks focus on niche markets within the financial services industry.

Definition:A small bank is a financial institution that is less influential or has a smaller market share compared to a major bank, typically with fewer branches and services.

Example:Smaller banks like this might be considered single-nation banks as opposed to the multinational reach of Westpac.

Definition:A single-nation bank is a financial institution that primarily operates within a single country, lacking the international presence and scale of a multinational bank.