Your morning Briefing: Bank greed deemed ‘criminal’ by royal commission

Your 2-minute digest of the day’s top stories and must-reads.

Hello readers. Kenneth Hayne has recommended criminal charges against three banks in the royal commission report.

19/12/2018 NAB Chairman Ken Henry and CEO Andrew Thorburn chat with shareholders before the AGM at Melbourne Convention Centre.Picture : David Geraghty / The Australian.

Bank greed ‘criminal’

Kenneth Hayne has recommended criminal charges against three financial institutions and asked for probes into 15 more. Ben Butler writes that arrogance and an unwillingness to take the NAB’s misconduct seriously were fatal flaws for Ken Henry and Andrew Thorburn. Paul Kelly ponders the political fallout, and Margin Call suggests all eyes are on Mr Henry’s next move.

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4th February 201982 year-old Terry Rowland is rescued from his flooded home in Hermit Park, Townsville.Photo: Glenn Hunt / The Australian

Rescue saves hundreds

A flotilla of tinnies and army boats was used to rescue hundreds of people from their flooded homes yesterday, while two people are still missing.

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Horse trainer Darren Weir is seen inside of the Victorian Racing Club's headquarters during a show cause hearing in Melbourne, Monday, February 4, 2019. Trainers Darren Weir and Jarrod McLean to show cause to why they should be allowed to continue training. (AAP Image/James Ross) NO ARCHIVING

Weir faces ban

Champion trainer Darren Weir is facing a four-year disqualification after a marathon hearing last night.

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Wait and see

So Australia win a series after 13 months, if you can call two Tests a series rather than a couplet or bracket. Let’s reserve judgement until the Ashes, counsels Gideon Haigh.

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Johannes Leak’s view

Johannes Leak letter page cartoon for 05-02-2019Version: Letters Cartoon (1280x720 - Aspect ratio preserved, Canvas added)COPYRIGHT: The Australian's artists each have different copyright agreements in place regarding re-use of their work in other publications.Please seek advice from the artists themselves or the Managing Editor of The Australian regarding re-use.