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-Australian central bank governor calls for more penalties on banks

Nov 20, 2018 - Global Banking News

Global Banking News - 20 November 2018

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The governor called on financial institutions to refocus their efforts on long-term objectives rather than short-term profits.

Lowe said banks had destroyed the trust of the Australian public and called on them to reform. The comments from the central bank head came after the chief of Commonwealth Bank of Australia (CBA: ASX) admitted that his bank might have to extend a remediation prog...