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Banking royal commission report takes axe to sales culture in finance

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Commissioner Kenneth Hayne takes aim at the sales culture in banking and finance that relegates customers to second place, with the Government saying it is taking action on all 76 recommendations in his final report, some of which could make parts of the financial sector obsolete.

 

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Now that the BanksRC is removing trail comms. Will we see banks bring interest rates closer in line with the cash rate? I highly doubt it. Big winners = banks. Big losers = brokers.

no shake great

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