It will take at least five years for people to recover from the trauma of Australia’s devastating bushfires, a disaster responsible for an estimated $2 billion in smoke-related health costs, experts say.
The morning after the bushfire’s wall of flames roared through Lobethal, dazed and frightened residents wandered the streets of the Adelaide Hills town.
Banking royal commissioner Kenneth Hayne QC wants wide-ranging reforms to stop the widespread misconduct that has caused substantial loss to customers while delivering hefty profits to the banks.
Commonwealth Bank CEO Matt Comyn admits the bank has prioritised profits over its customers, as it faces potentially compensating more than half a million customers sold dud add-on insurance.
An ANZ executive says he feels sad about the bank’s refusal to let a struggling Victorian farming family keep their homes.
Some Commonwealth Bank advisers charged dead clients for financial advice, in one case for a decade, the banking royal commission has heard.