Royal Commission shows banks have behaved appallingly, but we've helped them do it
- Written by Andrew Grant, Senior Lecturer, University of Sydney
The term deposit has matured. Initial scepticism over the timing, scope, and overall need for a royal commission into financial services has transformed into deep concern about the culture and practices in one of our most important industries.
Malcolm Turnbull, the (perhaps not coincidentally) ex-prime minister, admitted it had been a “politi...