Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE

Turnbull backdown on Banks Royal Commission

Australian Prime Minister Malcolm Turnbull speaks during a press conference at Parliament House in Canberra, Thursday, November 30, 2017. (AAP Image/Lukas Coch) NO ARCHIVING

Australian Prime Minister Malcolm Turnbull speaks during a press conference at Parliament. Source: AAP

A royal commission will be held into Australia's financial sector after the big four banks finally conceded it was in the nation's interest. For almost two years, the federal government fought off demands for a royal commission into the financial sector. That fight ended in a spectacular back-down this morning (Thurs) in the Prime Minister's courtyard at Parliament House in Canberra.


Published

Updated

By Rehan Alavi, Sunil Awasthi

Source: SBS




Share this with family and friends


A royal commission will be held into Australia's financial sector after the big four banks finally conceded it was in the nation's interest. For almost two years, the federal government fought off demands for a royal commission into the financial sector. That fight ended in a spectacular back-down this morning (Thurs) in the Prime Minister's courtyard at Parliament House in Canberra.



Latest podcast episodes

Follow SBS Urdu

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

Urdu News

Watch now