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PM reverses position on banking...

PM reverses position on banking royal commission

Australian Prime Minister Malcolm Turnbull has announced a royal commission into the banking sector, after sustained pressure from within his own Government and an admission by Australia's big four banks that an inquiry is necessary to restore public faith in the financial system.

Australian Prime Minister Malcolm Turnbull has announced a royal commission into the banking sector, after sustained pressure from within his own Government and an admission by Australia's big four banks that an inquiry is necessary to restore public faith in the financial system.…

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