Banks’ failures are a symptom of social malaise*

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, headed by one of Australia’s most prominent jurists, Ken Hayne, has released its interim report, which shows systematic abuse of financial power by the big four banks and insurance companies.

 

 

The royal commission was established on December 14, 2017, following widespread complaints about the banks’ treatment of their customers, and will deliver its final report by F…

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