A group of the nation's most senior bank chiefs will appear before a parliamentary inquiry next week to be grilled about past actions by their organisations which have left clients out of pocket and in many cases destitute.
Their appearance before the Senate economics committee, chaired by Labor senator Sam Dastyari, will also give them the opportunity to comment on plans by the Abbott government to proceed with a bank deposit levy in next month's federal budget.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@fairfaxmedia.com.au
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
