The Good Times Are Over for Some of the World's Most Profitable Banks
- Commonwealth Bank complacent from top down, APRA report finds
- Two-decade ‘golden period’ coming to end, ANZ Bank chief says
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Australia’s beleaguered banks are facing up to a bleaker future.
In another bad day for the industry, a scathing report released Tuesday into the nation’s largest lender found a “widespread sense of complacency” from the top down blinded it to risks that led to a massive breach of anti-money laundering laws.