Banks furious over royal commission lock-out | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 78%

Australia Headlines News

Australia Latest News,Australia Headlines

Banking representatives will not have access to royal commission findings before the public. The industry fears members could discover they are being pursued for criminal charges through media articles.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hope the warrants are ready ... passports to hand in etc.

there should be criminal charges! these people destroyed peoples lives auspol bankingRC bankingroyalcommision

Awww, diddums.

I don't even know if their staff know it has happened. A friend was applying for a mortgage last week and was told that taking out a home and contents insurance policy would 'assist with the loan application process'...DeniseBrailey

Well they shouldn't have done anything criminal should they.

Awkward?

Cannot believe the Australian Bankers Association representation including their legal staff who will be in the lock up along with the media would not be tasked with notifying them at the same time a media contact would be possible. Disingenuous.

How tragic for them. Wishing those involved a lovely weekend.

L would banned all lobbyists from parliament

MSMWatchdog2013 No problems here.

Reaction is not the road to redemption Just goes to show who owns who & why LiberalAus resisted & were poised to give their masters a massive tax break

Cool.

The real trouble here is that the LNP are in Government and will mistreat the findings and may even tip off the criminals or even not prosecute them.

MSMWatchdog2013 Poor Diddums!

Tough shit. Better than a 05:00 knock on the door with a ten-pound hammer.

Well good. They’ve always had far too much power.

Awesome, they don’t deserve any better

MSMWatchdog2013 I won’t be surprised is somehow only lower ranked players get their arses kicked. The CEO’s & top managers will manage to walk away with promises of “we fixed it”. Sure - more like “we rigged it. “

Poor banks. Cry me a river 😥

MSMWatchdog2013

Criminal charges for you cheating criminals would be excellent.

In 3 months time: THERE'S A COCKROACH in the banker's jail cell. (I meant that in the conventional sense)

They deserve it

Good

And we are supposed to feel empathy toward these thieves?

This government will let them all off. Banks will continue to rip people off

Thieves and Liars! Why do they deserve access to the facts first? We should see criminal charges as a result of this commission! A$$covering!

westozdonna I hope flashing lights and handcuffs is the first they hear about it. Entitled pricks.

It's not usual practice to let the accused choose how they break the news of being charged with a crime.

Yeah that’s their biggest problem

It would be better if industry members could be imprisoned before they found out through media articles.

No time to do any deals?

Why should criminals be given a friendly heads up before being ‘pursued’? If you stole a dollar from the bank would you be given the same?

I hear there's a recommendation from the Commissioner that Banks and Insurance Companies (AMP) hand over Superanuation to the Federal Govt or Unions. Our money will be safe there.

Sounds good.

Then they shouldn't have done anything wrong. BankingRC auspol MSM

Jesus. How bloody stupid are they? The implications are extensive. Share market implications. Absconding. Etc. Etc. Etc.

Failing to see the issue here? Is this news?

Diddums

Surely Michaelia Cash could tip them off?

BS! That’s not how it really works! They’ll have had a surreptitious hand in writing it!

Oh no. Criminals might not get the silver spoon treatment. What can we do about this?

The banks have no place being upset. They’ve screwed client for decades. Stuff them.

And?

They wrote the guidelines for the royal commission themselves, and they still got busted left right and centre. Imagine if it was a proper inquiry. They'd all be in prison now.

Morrison should resign after this .He allowed the banks to continue to rip off customers Because he said no 26 times no RC is required.We have put stringent policies in place .Well we all know what happened at the RC .Morrision & his front bench goons .Have a Failed everyone

I feel desperately sorry for them. Maybe though if they didn’t break the law, they wouldn’t have to worry about anything to start with. Seems fitting that they will find out at the same time as the people they committed the acts to. No special treatment anymore

That’s only really a problem for those who are themselves pursuing criminal activity

Can’t freaking wait to see some bankers in handcuffs!!

Well they should have thought about it before commencing crimes I think.

It is this attitude of entitlement to be treated differently to the everyday salary earner that got them into this mess. I am equally invested - mortgage, super, etc. Happy to wait, so should they be. auspol

If they didn't break the law then they'll have nothing to be worried about

yeah this is totally fine to be honest

daveyk317 They need a few days grace to flee overseas lest they be stopped at the boarding gate?

Nor should they! where criminal conduct or miconduct found just charge them and jail the CEO'S and Boards.

Nail the up!

GCobber99

Only if there’s Criminality!

Shame... I'd prefer they found out via a 5am knock at the door and half a dozen marked cars out the front like other criminals. Search warrants, seizure of personal documents, computers, phones...cuffed on the nature strip in their dressing gowns while the neighbours stare.

tough bikkies

It’s a valid fear. Hopefully many will be in handcuffs on the first day.

I would be amazed if the BIG 4 don't already have a copy.

Not sure what the problem is.

So why would these criminals be any different to any other criminal identified in an inquiry. Still trying to live a life of privilege.

Good.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Councillors to consider investigation into CEO on MondayAn extraordinary general meeting has been called for Monday to give councillors the opportunity to consider reports into chief executive Mark Stapleton | JakeSaulwick
Source: smh - 🏆 6. / 80 Read more »

Banking royal commission’s final report to be released | Sky News AustraliaThe royal commission’s final report into financial services will be released publicly on Monday. \n\nCommissioner Kenneth Hayne’s report will be handed down to the federal government on Friday, allowing the weekend to study and respond to the recommendations. \n\nThe timing is deliberately scheduled for the close of the ASX trading with expectations the recommendations will include a number of policy shifts that will affect the stock market. \n\nLabor has pledged to carry out all of the report’s recommendations. \n\nImage: News Corp Australia \n\n\n\n hold banks accountable, take or suspend their banking license, charge & jail the CEO's & boards. Its the only way to stop this criminal cartel behavior. Raising interest rates outside RBA movements or failing to pass on cuts, be a criminal offence NAB CommBank ANZ_AU Westpac
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Two scooter riders killed in a crash in Sydney's southPolice are investigating the circumstances of a motor scooter crash that left two people dead in Kingsgrove last night
Source: smh - 🏆 6. / 80 Read more »

Major reforms expected after Banking Royal Commission | Sky News AustraliaA final report into the Banking Royal Commission will be handed over to the Governor General on Friday ahead of its public release on Monday. \n\nIn response to the findings, Royal Commissioner Kenneth Hayne is expected to make major reforms to the banking, superannuation and financial services sectors. \n\n\n\n\n\n\n Bowenchris Blah blah blah Bowenchris Bill Shorten can be trusted to send us all broke. Everyone hated him a year ago why would you vote him. ethics?
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Pyne distances Australia from US strategies in China | Sky News AustraliaDefence Minister Christopher Pyne has distanced Australia from US attempts to suppress China economically in a keynote speech in Singapore on Monday.\n\nAmid rising tensions and talk of a 'Cold War', Mr Pyne urged the US that such strategies are 'not going to work'. \n\nThe Australian's political Reporter Primrose Riordan told Sky News that while Mr Pyne stressed that no country wanted to stifle China's growth and prosperity, he also appeared to 'warn China about a number of things, and increase their level of trust'. \n\n cpyne I’m sure they’ll take notice of Chris. cpyne No use telling china standing up stage use backbone someone’s over there cpyne Yeah, you tell ‘em. Good job for the fixer
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Osaka eyes 'Naomi Slam' after Australian Open triumphNaomi Osaka is eyeing one of the rarest feats in tennis after ushering in an exciting new era with her enthralling Australian Open final triumph over Petra Kvitova. Great effort. Bought the actual newspaper early this morning from my local country newsagent. Not a single word or image on the final. It was next to the Herald Sun rack, with a front page photo and extensive news coverage of the win and the ceremony. Why? I love her humility and graciousness. 💓💓💓💓
Source: theage - 🏆 8. / 77 Read more »

NSW Labor sells Michael Daley in new advert | Sky News AustraliaThe New South Wales Labor Party will release a pre-election advertisement on Monday to sell its new leader, Michael Daley. \n\nMr Daley stepped up as NSW Labor Leader late last year when Luke Foley resigned after being accused of sexual harassment - allegations he maintains are false. \n\nIn the new advert, Mr Daley promises to build new schools, replace aging demountables, air condition classrooms and make public transport free for school children if his party is successful at the next state election. \n\nImage: News Corp Australia \n\n\n\n\n michaeldaleyMP GladysB billshortenmp Cooperation with what? michaeldaleyMP GladysB billshortenmp If bill is a friend of yours, just one great reason never to vote for you.. michaeldaleyMP GladysB billshortenmp Just like last time. Corruption central.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Findings from Royal Commission into Murray-Darling Basin plan to be released | Sky News AustraliaFindings from the Royal Commission on the Murray-Darling Basin plan's report will be released to the South Australian Government.\n\nThe inquiry was launched to interrogate the plan's implementation amid scandals around water theft and rorting. \n\nHundreds of thousands of bony herring, golden perch and carp were found dead on Monday along the Darling River in far western New South Wales.\n\nThe mass death comes three weeks after up to a million fish died in the same area near Menindee.\n\nImage: News Corp Australia\n\n\n\n\n\n I thought the whole purpose of the MDBC plan was to guarantee a minimum environmental flow. By these fish kills we now know it has to be more than the current flow without any change to other land management practices.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Woman dies after falling down New York City subway stairs with her babyA young mother is dead but her 1-year-old daughter unharmed after falling down stairs at a midtown Manhattan subway station on Monday night. If this had happened in Mongolia or Germany or Paraguay or Taiwan it wouldn't be news. But usa? News. Why?
Source: abcnews - 🏆 5. / 83 Read more »

Doctor's wife confirmed as second person found dead in central Queensland homeMother of three Julie Rush — wife of Rockhampton anaesthetist Andrew Carll — is confirmed as the second person found dead inside the couple's home on Monday night.
Source: abcnews - 🏆 5. / 83 Read more »