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Bank shares up despite scathing report on Aussie owners

Kiwi banks claim they already have their houses in order but commentators see it differently.

Gill South Tue, 05 Feb 2019

Bank shares rose substantially today as the local banking sector digested the Australian royal commission’s report outlining widespread misconduct in the banking, superannuation and financial services industry across the Tasman.

ANZ was up 4.94% and Westpac up 5.95% by mid-afternoon trading.

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Gill South Tue, 05 Feb 2019
Contact the Writer: gill@nbr.co.nz
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Bank shares up despite scathing report on Aussie owners
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