Shayne Elliott appearing before parliamentary economics committee Source: AAP
The head of the ANZ bank, Shayne Elliott, has admitted he believes Australia's big banks are out of touch with their customers. Mr Elliott has appeared before a parliamentary inquiry into the banks. The inquiry comes after Prime Minister Malcolm Turnbull demanded the banks appear before the committee at least once a year following a series of banking scandals. But Mr Elliott has defended his bank's handling of poor management of its financial-advisory arm, fee-overcharging and the failure of a managed-investment scheme causing bankruptcies and financial hardship for many clients. More by Emma Papaemmanouil...
The head of the ANZ bank, Shayne Elliott, has admitted he believes Australia's big banks are out of touch with their customers. Mr Elliott has appeared before a parliamentary inquiry into the banks. The inquiry comes after Prime Minister Malcolm Turnbull demanded the banks appear before the committee at least once a year following a series of banking scandals. But Mr Elliott has defended his bank's handling of poor management of its financial-advisory arm, fee-overcharging and the failure of a managed-investment scheme causing bankruptcies and financial hardship for many clients. More by Emma Papaemmanouil...
