Greed led to misconduct by financial institutions: Banking royal commission

An interim report from the banking royal commission has found misconduct by financial institutions has been driven by greed. Commissioner Kenneth Hayne says many institutions put profits before people.

Government seeks restoring public trust in the financial system Source: AAP

He also says poor behaviour often went unpunished or the consequences did not meet the seriousness of what had been done.

Treasurer Josh Frydenberg says this type of conduct is unacceptable.

यो लेखको पूर्णपाठ नेपाली भाषामा उपलब्ध छ। लेख पढ्न माथि रहेको ट्याबबाट "नेपाली" छान्नुहोस्।

The full text of this article is available in the Nepali language. Select "Nepali" from the tab above to read the article.