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"Greed" to blame for bank failures Commissioner finds

Banking

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An interim report from the banking royal commission has found misconduct by banks and financial institutions has been driven by greed. In his scathing report Commissioner Kenneth Hayne stops short of making recommendations but observes that too often bad behaviour has gone unpunished by regulators.


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By Phillippa Carisbrooke, Hannah Sinclair

Presented by Seda Ercan

Source: SBS




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An interim report from the banking royal commission has found misconduct by banks and financial institutions has been driven by greed. In his scathing report Commissioner Kenneth Hayne stops short of making recommendations but observes that too often bad behaviour has gone unpunished by regulators.



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