So what’s new? Twenty years ago, Westpac’s then boss, Bob Joss proclaimed: ‘Banks face shutting down entire divisions of business activity in order to survive…. Banks can no longer be all things to all people.’ That’s just what Royal Commissioner Kenneth Hayne is now considering after last week’s revelations of bank financial planning misbehaviour (which is quite separate from the AMP’s allegedly criminal misdeeds).
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Unlock this article
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in