banking royal commission

Crown Sydney

Everybody knows the gambling industry feeds on misery. We need to hold the individual fat cats accountable. But we also have to shine a spotlight on the pathway out of this systemic mess, argues Alex Bainbridge.

After Commissioner Kenneth Hayne released the banking royal commission’s interim report in September, many of the headlines and takeaway quotes focused on its claim that banks “put profits before people”.

 “Why did it happen?” the report asked. “Too often the answer seems to be greed — the pursuit of short term profit at the expense of basic standards of honesty. How else is charging continuing advice fees to the dead to be explained?...

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