A Decade of Banks Behaving Badly Is Being Laid Bare in Australia
- Bribery, lies, and charging the dead among misconduct admitted
- Inquiry may lead to slower earnings growth, higher costs
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In a quiet courtroom in Melbourne, a decade of scandalous behavior at Australia’s biggest banks is being forensically laid bare.
From lying to regulators, falsifying documents and taking bribes to extracting fees from customers long since dead, the revelations at the quaintly-named Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry have shocked and angered the public.