A government-ordered investigation into Australia’s financial industry has uncovered multiple scandals, ranging from bribery to charging dead people for services. The investigation began in March and also found that Australia’s bankers lied to regulators and dispensed investment advice that was so bad it lost some customers their homes, according to Bloomberg. The inquiry revealed thousands of violations, and some of them might lead to criminal charges. Banking leaders in the country have apologized, but the […]
source https://therealdeal.com/2018/09/03/australias-finance-industry-is-awash-in-scandal-and-real-estate-could-suffer/
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