Crunch time for Australia's banks

摘要

Over the past decade, as Western banks struggled to recover from the Shockwaves of the global financial crisis, Australia's banks have been basking in the warm glow of the country's stable economy and low unemployment. However, this environment enabled the banks to proceed with relatively little scrutiny. And, as revealed by the recent findings of the Royal Commission, it sometimes resulted in banks not always behaving in consumers' best interests.