Australia's Bank Bosses Face Grilling on Rates, Profits

  • Questions likely on customer advice, excessive fees, earnings
  • Turnbull called for hearings to avoid more wide-ranging probe

Ian Narev, chief executive officer of Commonwealth Bank of Australia.

Photographer: Brendon Thorne/Bloomberg

The chief executive officers of Australia’s four biggest lenders will this week be grilled by a parliamentary committee for the first time amid disquiet over practices such as giving poor financial advice to customers and failing to pass on central bank interest-rate cuts in full.

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