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Australian banking sector 'dishonest', scathing final royal commission report finds

Commissioner Kenneth Hayne has recommended sweeping changes to the banking and finance sector after uncovering a litany of unethical activities.

Treasurer Josh Frydenberg.
Treasurer Josh Frydenberg. Source: AAP

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By Stergos Kastelloriou

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An overhaul of banking fees and commissions, tougher enforcement of penalties for misconduct and more leniency for farmers are part of sweeping changes to the banking industry recommended by the royal commission.

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