The Federal Government has promised significant cultural change as a result of the first annual parliamentary inquiry into the banking system
It is not yet clear if the exercise will have the desired result.
Banking Hearing
All four of Australia's big banks have appeared before a federal three-day inquiry into the banking system, plagued for years by financial scandals and accusations of misconduct. The heads of all four banks have issued apologies but have rejected any claims there are widespread cultural problems within the banking institutions.
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