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Your afternoon Briefing: Banking ‘rotten to the core’

Good afternoon, readers. Banking interim report reveals an industry rotten to its core and why Kavanaugh’s performance might not matter.

Good afternoon, readers. The banking royal commission interim report has revealed a culture of rampant greed and why Brett Kavanaugh’s performance might not matter.

*Fairfax Pool Images* The Royal Commission into the Financial Services Industry. 12 February 2018. The Age News. Photo: Eddie Jim. ( The Commissioner Kenneth Hayne )
*Fairfax Pool Images* The Royal Commission into the Financial Services Industry. 12 February 2018. The Age News. Photo: Eddie Jim. ( The Commissioner Kenneth Hayne )

Banks’ ‘day of shame’

Australian Banking Association chief Anna Bligh has described Commissioner Kenneth Hayne’s interim report as a “day of shame for the industry”. Ben Butler writes that the report depicts a culture of rampant greed and regulators too pathetic to do anything.

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Christine Blasey Ford is sworn in by Senate Judiciary Committee chairman Chuck Grassley, R-Iowa, to testify before the Senate Judiciary Committee on Capitol Hill in Washington, Thursday, Sept. 27, 2018.  (Tom Williams/Pool Photo via AP)
Christine Blasey Ford is sworn in by Senate Judiciary Committee chairman Chuck Grassley, R-Iowa, to testify before the Senate Judiciary Committee on Capitol Hill in Washington, Thursday, Sept. 27, 2018. (Tom Williams/Pool Photo via AP)

Brutal testimony ‘hard to watch’

President Donald Trump kept up with the Brett Kavanaugh hearings from his flight on Air Force One, approving of his nominee’s performance. While it was incredible to watch, Cameron Stewart questions whether it will make a difference. Here’s what our readers had to say on the matter.

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Justin Milne, Malcolm Turnbull and Michelle Guthrie. Picture: Gary Ramage/Kym Smith/AAP
Justin Milne, Malcolm Turnbull and Michelle Guthrie. Picture: Gary Ramage/Kym Smith/AAP

Malcolm in the middle … again

As it stands, there is abundant evidence of a tendency of former prime minister Malcolm Turnbull to engage in matters where he did not belong, writes Jack the Insider.

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ACTU secretary Sally McManus takes questions from the media at the ACTU headquarters in Melbourne, Monday, July 30, 2018. McManus commented on the Australian Federal Police's decision to refer a brief to the Commonwealth Director of Public Prosecutions raids on the AWU offices. (AAP Image/Julian Smith) NO ARCHIVING
ACTU secretary Sally McManus takes questions from the media at the ACTU headquarters in Melbourne, Monday, July 30, 2018. McManus commented on the Australian Federal Police's decision to refer a brief to the Commonwealth Director of Public Prosecutions raids on the AWU offices. (AAP Image/Julian Smith) NO ARCHIVING

Casual rates ‘big win for union’

ACTU secretary Sally McManus says the decision to give casual workers in the retail sector a 25 per cent rise to their Saturday penalty rates is a win for the union movement.

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28/09/2018: Collingwood supporters Phoebe & Sasha Jones at the AFL Grand Final parade in Melbourne. Stuart McEvoy/The Australian.
28/09/2018: Collingwood supporters Phoebe & Sasha Jones at the AFL Grand Final parade in Melbourne. Stuart McEvoy/The Australian.

Rain can’t dampen AFL parade

Footy fans weren’t going to let the rain get between them and their champions as the AFL grand final parade rolled through Melbourne.

Original URL: https://www.theaustralian.com.au/news/briefing/your-afternoon-briefing-banking-rotten-to-the-core/news-story/e9e0253ee9f93d546689c2ef2c4ce2a8