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Posts tagged to Royal commission inquiry

Australia Banking sector under misconduct investigation

MarketLine

Finance is Australia’s biggest industry, and its banks are some of the most profitable in the world. Australia’s “Big Four” – Commonwealth Bank (CBA), ANZ, National Australia Bank (NAB) and Westpac – collectively hold about 80% of the country’s banking market. Despite its strong position, Australia’s banking and financial services sector has been rocked by a series of scandals over the last decade, with all “Big Four” largest banks being accused of serious misconduct. As a result, a royal commission, Australia’s highest form of public inquiry, has been called to… Read more