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Hayne cleaned up banking. But at what cost? (opens original article in a new tab)

TL;DR

The 2018 Hayne royal commission exposed unethical fee practices in Australia's banking and financial services sector, revealing that major institutions charged customers for unprovided financial advice.

  • The 2018 Hayne royal commission examined the banking, super and financial services industry
  • The inquiry revealed 'fees-for-no-service' practices by major financial institutions
  • Some institutions charged fees for financial advice that was never provided

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