Royal Commission into Misconduct in the Banking, Superannuation and Financial Services releases interim report.
The SR Group, along with millions of other Australians, have eagerly awaited the report by Commissioner Kenneth Hayne QC, and expect to see blistering criticism of a number of major financial institutions and financial services providers. We also expect, and certainly hope for, the recommendation of new legislation and safeguards to prevent the recurrence of the misconduct highlighted in the Commission. Reading the Interim Report it is no surprise this will be costing the banks billions of dollars in rectifying their history of bad behaviour. Here's a look at what the figures could potentially be.
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