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Scathing royal commission report slams banks

The banking royal commission has delivered a scathing verdict of a greed-driven industry in its final report, recommending a raft of changes designed to better protect consumers and improve regulation.

Commissioner Kenneth Hayne
Commissioner Kenneth Hayne Source: AAP

1 min read

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By Stergos Kastelloriou



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The commission has referred 24 cases of potentially criminal activity to the responsible regulators for further investigation, but isn't naming names.

After 68 days of hearings over the past 12 months, the royal commission has handed down its final report, laying bare a culture that allowed misconduct to thrive at the expense of consumers' best interests.  

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