The issues; dishonest and unconscionable conduct.
The Banking Royal Commission, held off by Turnbull and the Liberals, has exposed widespread serious misconduct within the Banking and finance sector. Compensation now needs to be paid to those affected and there needs to be fines and punishment for those involved. As a result of the scandals uncovered more than EIGHTY BILLION (see the newspaper article below) has been wiped off the value of the institutions involved, proving that the misconduct was serious and widespread. All this could have been avoided had the Liberal Government heeded calls to clean up the industry years ago.
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The damage done to Australian Banks as a result of the Banking Royal Commission is huge. It's almost as much in dollar terms as the financial damage caused by the collapse of Lehman Brothers which has been reported as "the biggest corporate failure in history ".
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