June 27, 2018 / 12:55 AM / 21 days ago

TAKE A LOOK-Australia's financial services sector under scrutiny

Australia's scandal-plagued financial services sector, the country's biggest
contributor to GDP, is engulfed in a year-long misconduct investigation that has
powers to subpoena evidence and question executives of its largest firms. 
    The Royal Commission, as the inquiry is called, began in February, following
a string of scandals involving rate-rigging, money laundering, and unethical
conduct in wealth management and insurance. 
    
    For related Reuters coverage, please see:
    
    TOP STORIES
> Against the grain: Australian banks face rural lending reckoning   
            
> Cartel charges may mean share sales will be more difficult                   
> How inquiry upended one of Australia's grandest companies          
            
> Australia's banks face year of reckoning as inquiry shreds trust   
            
> How shocks from banks' inquiry may squeeze a nation                          
> Foreign banks flex muscles as locals reel from scandals                       
> Australia's AMP feels shareholder wrath over misconduct                      
> Australia's Coca-Cola Amatil says AMP ex-chair to leave board                
> ANZ cuts financial planner bonuses as inquiry reshapes industry               
> Australia's CBA settles with regulator over rate-manipulation                
> Commonwealth Bank says records of nearly 20 mln accounts lost                
> New Zealand asks banks whether tainted by Australian misconduct              
> ANZ flags slower revenue growth, cites bank inquiry impact                   
> CBA ordered to boost capital until governance failings fixed                 
> Australian banks at risk if house prices slump - Fitch                       
> Australia PM: 'would have been better' to order inquiry earlier              
> Australian lawmaker who wanted bank inquiry questions scope                 
        
    REVELATIONS 
> Australia inquiry finds AMP conduct 'unconscionable'                         
> Australia's ANZ should have communicated better with farmers                
> Commonwealth Bank says it double-charged thousands of customers   
            
> Westpac pushed pie shop owner to repay loan, inquiry told                    
> Westpac defends mortgage book as inquiry reveals poor controls               
> Westpac made blind pensioner a guarantor without risk advice                
> NAB reviews advice business as inquiry exposes misconduct                    
> Australia banking inquiry resumes amid deluge of submissions                
> Australian govt under pressure over bank revelations                         
> Lost home, fees for the dead -Australia banking inquiry hears                
> CBA shakes up executive team amid inquiry                                    
> Australia's big banks broke laws, failed public, inquiry reveals             
> Australian inquiry turns up heat on Westpac's car-finance unit               
> CBA in widespread insurance mis-selling, inquiry finds                       
> ANZ reviewing retail asset finance business,decision by end-Sept             
> Australian probe of bank-sector begins with focus on home loans              
> Australia's Westpac to forgo all conflicted product commissions   
            
> New Zealand sees no need for Australian-style banking inquiry                 
  
> Australia's Suncorp admits negligent lending                         
    
    TOUGHER PENALTIES
> Australian regulator backs tougher penalties                                 
> Corporate watchdog sees bigger role in farm finance regulation                
> Australia: bank execs responsible for misconduct could face jail             
> Australian business tax breaks at risk over bank inquiry                     
> Australia's competition watchdog to review banking oligopoly                 
> Australia gives regulator sweeping powers over bank bosses' pay              
    
    RELATED STORIES
> Australia's CBA to spin off wealth, mortgage broking                     
> Australia's Westpac hires complaints head amid damaging inquiry   
            
> Regulator starts legal action against CBA over rate-manipulation             
> CBA surprises with internal CEO hire                                         
> Westpac says Big Four banks are not 'highly profitable'                      
> NAB sacks bankers over home-loan inaccuracies                                
> Australia banks tighten mortgage checks amid govt inquiry                    
> Westpac cleared of rate rigging but bank inquiry sword stays                
> ANZ in last-minute settlement with regulator over rate rigging               
> Heads roll at Australia's CBA amid money-laundering scandal                  
> Australia's Senate votes for bank inquiry, pressuring government             
> FACTBOX-Australian Royal Commissions                                         
> Australia charges ex-heads of Citi, Deutsche, ANZ in cartel case   
            
> JP Morgan Australia chair quits bourse board over cartel case                
> EXPLAINER-Australia charges banks with cartel activity                    
> Regulator sues Westpac for staffer's poor financial advice                
> Australian lender delays listing amid regulator's queries                    
> Deutsche Bank job cuts being felt from Britain to Australia                 
> Macquarie restructures advice business to focus on rich clients   
            
    

 (Reporting by Paulina Duran; Editing by Himani Sarkar)
  
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