.BenOquist on the banking royal commission report: The monopoly power of the banks is unlikely to be broken as a result of Commissioner Kenneth Hayne's report. MORE: speers
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What bank bombshell means for youThe banking royal commission’s final report has singled out one of the big four banks for failing to learn from its misconduct.
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Hayne unleashes on NAB boss and chairmanThe royal commission has slammed NAB's Andrew Thorburn and its chairman, former Treasury secretary Ken Henry, for not learning the lessons of the past.
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Financial institutions face possible charges following final banking royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n
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Hayne unleashes on NAB boss and chairmanThe royal commission has slammed NAB's Andrew Thorburn and its chairman, former Treasury secretary Ken Henry, for not learning the lessons of the past.
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NAB CEO cancels long-service leave after criticism from the banking royal commissionNational Australia Bank chief executive Andrew Thorburn has cancelled a period of long-service leave after criticism from the royal commission.
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Banking royal commission makes 76 recommendations for reform | Sky News AustraliaThe banking royal commission has made 24 referrals to regulators and 76 recommendations for wide-ranging reform in the sector.\n\nBanking royal commissioner Kenneth Hayne QC says the time has come to address financial misconduct and prevent its recurrence, proposing a raft of measures designed to better protect consumers.\n\nMr Hayne has made 24 referrals, including all the major banks except for Westpac, to the Australian Securities and Investments Commission and Australian Prudential Regulation Authority for further investigation.\n\nMr Hayne was scathing of some bank bosses, particularly the National Australia Bank, for being unwilling to accept responsibility.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry, a former Treasury secretary.\n\n\n\n\n
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Banking royal commission makes 76 recommendations | Sky News AustraliaThe banking royal commission has made 24 referrals to regulators and 76 recommendations for wide-ranging reform in the sector.\n\nBanking royal commissioner Kenneth Hayne QC says the time has come to address financial misconduct and prevent its recurrence, proposing a raft of measures designed to better protect consumers.\n\nMr Hayne has made 24 referrals, including all the major banks except for Westpac, to the Australian Securities and Investments Commission and Australian Prudential Regulation Authority for further investigation.\n\nMr Hayne was scathing of some bank bosses, particularly the National Australia Bank, for being unwilling to accept responsibility.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry, a former Treasury secretary.\n\n\n\n\n
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Government awaits final bank probe reportBanking royal commissioner Kenneth Hayne QC will hand his final report into the financial services sector to the governor-general in Canberra on Friday.
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The banking royal commission final report at a glanceJustice Kenneth Hayne has unveiled 76 recommendations in his damning final report into the Australian financial services sector
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‘We need to serve you better’: NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the organisation, despite scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, Commissioner Kenneth Hayne said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday.\n\nAt least 20 civil and criminal referrals have been sent to APRA and ASIC involving the Commonwealth Bank, NAB, ANZ and AMP.\n\n
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