Australia’s big banks ‘suffer from hubris’

Switzer Report Founder Peter Switzer says Australia's big banks "suffer from hubris" after Westpac was found to have been in breach of conduct 23 million times. "The issue around ignoring pedophilia linked to bank accounts should have been the greatest warning sign they had to do something and fast," he said. Mr Switzer said "the bank should have sprung into action" and their role as "corporate citizen has been called into question".

from National | Daily Telegraph https://ift.tt/2XWwPBv