A man banks at a Commonwealth Bank ATM in Sydney, Australia. Photo: Reuters

Australia’s landmark banking inquiry: Tighter regulations, crackdown on ‘overinflated’ bankers’ salaries to come

  • Regulatory changes, tougher punishments and a crackdown on massive pay packets of bankers are expected after the release of a report from an inquiry into abuses by the financial services industry
  • Major lenders – including the country’s “big four” banks – have been under scrutiny in recent years, over allegations of dodgy financial advice, life insurance and mortgage fraud
Topic |   Australia

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A man banks at a Commonwealth Bank ATM in Sydney, Australia. Photo: Reuters
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