Aussie Banks Face More Scrutiny in Turnbull Show of Strength

By
Jason Scott
and
Narayanan Somasundaram
  • Bank executives to appear before parliamentary panel annually
  • Move follows criticism of lenders not passing on full RBA cut

Australia’s major banks will face regular scrutiny from a parliamentary panel, Prime Minister Malcolm Turnbull said Thursday, amid growing public disquiet about the lenders’ practices.

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