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Australia's bruised big banks offered respite in inquiry wash-up

Reuters  |  SYDNEY 

By Jonathan Barrett and Paulina DuranSYDNEY (Reuters) - After a year of bruising interrogation, Australia's oligopoly banking system has emerged from a government-appointed inquiry with reputations tarnished and some top executives removed - but also an unexpected opportunity to rebuild.Proposed reforms to the mortgage broking industry revealed on Monday will potentially put billions of dollars of broker-originated loans in play in the banks' most important profit-generating sector.Australia's "Big Four" banks - Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National ...

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First Published: Fri, February 08 2019. 11:00 IST
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