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Royal Banking Commission

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Sinopsis

Skullduggery or just large profit?  The scrutiny of The Royal Commission is set to alter the way big banks do business. Economist Jonathan Barratt explains the major reasons behind the commission and how it will affect the economy, the property market and investors.  Louise Bedford asks you what are your lions and tigers and bears in the market.Jonathon BarrattIn 2017 Malcolm Turnbull ordered the commission to investigate the quality of financial advice in Australia.In recent years the banking sector has exploded into big business. A bank is no longer just a bank, it is an insurer and a broker with fees and commissions designed to keep clients within the loop and the growth has created conflict.  With a culture of fees to dead people, alleged bribes, forged documents, mishandling of people’s money there have been many complaints and questions about responsible lending practices.In this interview economist Jonathan Barratt looks at: How property investors will be affected The Introducer programs and how a tail