Australia to Reveal Results of Banking Misconduct

The video discusses the outcomes of a 68-day hearing led by Commissioner Kenneth Hayne, focusing on potential changes in the banking industry, particularly the 'one-stop-shop' model. The government, having received the report, is considering its response, balancing the need for community trust with avoiding a credit crunch. The political climate is tense, with upcoming elections and the opposition criticizing the government's handling of the banks. Banks have already begun restructuring in anticipation of the report's recommendations, aware of negative public opinion.

What actions have the banks taken in response to the findings of the inquiry?

What was the public sentiment towards the banks following the release of the interim report?