Tue, Feb 05, 2019 - Page 6 News List

Australia gets tough after bank scandals

PREYING ON THE VULNERABLE:An inquiry found widespread misbehavior in the banking and financial industry that often went unpunished and resulted in broken lives


Conservative Australian Prime Minister Scott Morrison, who initially dismissed Labor calls for a banking inquiry as a “populist whinge,” has said he also expects to take up most of the recommendations.

However, he has warned against overreaching and cutting off credit flows, a likely battle-line for the government as it fights for electoral survival.

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