Bank stocks have soared following the release of the banking royal commission report. The surge is understood to be the result of investors' relief that the report would not devastate the sector.
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Qld govt building in flies upside down half-mast flag on Australia Day | Sky News AustraliaThe Australian flag was at half-mast and upside down outside a government building in Mackay on Australia Day.\n\nThe Joan Seden building is where the Aboriginal and Torres Strait Islander Community Health Service is based. \n\nManager Alanah Munro told the Mackay Mercury that it was done on purpose due to January 26 being ‘a day of mourning’ for some.\n\nSky News host Peter Gleeson says that the act ‘politicised an Australia federal department and that probably needs to be investigated’, and that the major of Australians are ‘completely over this sort of grandstanding’. \n\n\n\n\n\n
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Kidz Bop Kids visit Australia for new album launch | Sky News AustraliaThe Kidz Bop Kids are in Australia to launch their new album ‘Kidz Bop 2019’ as part of their first world tour.\n\nThe group has so far sold 20 million albums.
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Banking royal commission report a ‘damning indictment’ of govt: Bowen | Sky News AustraliaShadow Treasurer Chris Bowen says the banking royal commission’s final report will be a ‘damning indictment’ of the Coalition government and its senior figures, despite not having seen it himself.\n\nThe government only agreed to the enquiry following significant pressure including those in the banking industry.\n\nCommissioner Kenneth Hayne’s final report will be released on Monday, three days after it was delivered.\n\n\n
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Banking royal commission could spark market chaos: Treasurer | Sky News AustraliaThe Treasurer has warned releasing the findings of the banking royal commission report could spark market chaos if it is released too early.\n\nThe Opposition has accused the government of stalling after it announced it would wait three days before releasing the report.\n\n\n\n\n\n\n
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Expectations 'very high' for banking royal commission findings | Sky News AustraliaExpectations 'are very high' for the final report from the royal commission into financial services, which will be handed down on Monday afternoon. \n\nTreasurer Josh Frydenberg and his team have had the weekend to look over the report and read the commission's recommendations.\n\nFormer Labor MP Bernie Ripoll, who conducted the Financial Services Inquiry which was key in leading to the banking royal commission, told Sky News that he was 'annoyed and disappointed' that he would have to wait to the final report. \n\n\n\n\n\n
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Expectations 'very high' for banking royal commission findings | Sky News AustraliaExpectations 'are very high' for the final report from the royal commission into financial services, which will be handed down on Monday afternoon. \n\nTreasurer Josh Frydenberg and his team have had the weekend to look over the report and read the commission's recommendations.\n\nFormer Labor MP Bernie Ripoll, who conducted the Financial Services Inquiry which was key in leading to the banking royal commission, told Sky News that he was 'annoyed and disappointed' that he would have to wait to the final report. \n\n\n\n\n\n
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Banking royal commission expected to be hard on regulators | Sky News AustraliaWhistleblower Jeff Morris says he believes the banking royal commission will be hard on regulators, after a senate committee in 2014 found that Australian Securities and Investments Commission (ASIC) was a ‘weak and hesitant’ regulator. \n\nMr Morris says that it is clear from the hearings of the royal commission that ASIC and Australian Prudential Regulation Authority (APRA) have been ‘missing in action’ regulators. \n\nCommissioner Kenneth Hayne’s final report will be released on Monday, three days after it was delivered. \n\n\n\n\n\n\n\n\n\n
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Expectations 'very high' for banking royal commission findings | Sky News AustraliaExpectations 'are very high' for the final report from the royal commission into financial services, which will be handed down on Monday afternoon. \n\nTreasurer Josh Frydenberg and his team have had the weekend to look over the report and read the commission's recommendations.\n\nFormer Labor MP Bernie Ripoll, who conducted the Financial Services Inquiry which was key in leading to the banking royal commission, told Sky News that he was 'annoyed and disappointed' that he would have to wait to the final report. \n\n\n\n\n\n
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EXPLAINER: What to expect from the banking royal commission report | Sky News AustraliaThere is no doubt that the royal commission has already changed the way banks and financial institutions operate in Australia, but recommendations in Kenneth Hayne's final report could force even greater change in the sector. \n\nYour Money Chief Business Reporter Leo Shanahan explains what to look out for when the report is released on Monday.\n\n\n\n\n\n
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