Your morning Briefing: Banks enjoy Hayne bounce

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

Hello readers. Banks have surged after Hayne let them off the hook, and rugby league in the dock.

The indicator board at the Australian Securities Exchange (ASX) is seen in Sydney, Tuesday, February 5, 2019. Australia's big four banks have gained more than $20 billion in value after relieved investors welcomed the Kenneth Hayne's royal commission's recommendations by driving the financial sector to what looks like its best day in a decade. (AAP Image/Dan Himbrechts) NO ARCHIVING

Bank bounce

Soaring bank stocks drove the sharemarket to its biggest one-day rise in more than two years as investors poured in $19bn.

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01/02/2019 Tweet by Julia Banks MP in Flinders. For over 20 years my favourite thing to do is go to the Red Hill Market. Roland and Dianne have their business in Hastings and are regular stall holders. They sold me this beautiful print of the Mornington Peninsula. I ❤️ #RedHillMarket I ❤️ #Flinders

Banks snub

Julia Banks snubbed the biggest annual event in her electorate, instead going ‘on the hustings’ in the seat she will contest. One of the biggest frauds perpet­rated on the Australian electorate this year will be the idea that so-called “indies” are independents, writes Janet Albrechtsen.

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GetUp volunteers gather at Manly Pavilion, West Esplanade, Manlyto ramp up the campaign to oust Tony Abbott Campaign Directors Miriam Lyons and Django Merope-Synge.

Nice earner

GetUp is earning commissions for supporters to switch to a little-known bank that kicks back a fee on accounts moved over.

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ARL Commission Chairman Peter Beattie at a press conference at NRL headquarters in Sydney, Thursday, December 13, 2018. (AAP Image/Mick Tsikas) NO ARCHIVING

In the dock

Rugby league is in the black, but also in the dock as Commission chair Peter Beattie prepares to celebrate his first anniversary. Brent Read reports.

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Kudelka’s view

Jon Kudelka Letters cartoon for 06-02-2019. Version: 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.