'Capitalism not on trial,' says Australian PM as bank inquiry announced

The Australian government bowed to growing pressure by announcing a high-level inquiry into misbehaviour in Australia's financial sector.

'Capitalism not on trial,' says Australian PM as bank inquiry announced
Thu, 30 Nov, 2017 - 08:21

The Australian government bowed to growing pressure by announcing a high-level inquiry into misbehaviour in Australia's financial sector.

A royal commission - the highest form of investigation in Australia - will review the banking, pension and financial services industries, Prime Minister Malcolm Turnbull announced.

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