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Australia's banks dodged the financial crisis. Then they got complacent

Seeds were sown for scandals and inquiries in the aftermath of 2008, says a former top banker

When Australia emerged from the global financial crisis unscathed, David Bell had more reason to smile than most.

Bell, as the chief executive of the Australian Bankers’ Association for nine years, helped lead the sector through its most turbulent period in recent history.

You don’t realise it’s happening to you until it’s too late

Some of these bankers started to believe it was due to their genius, they should take the rewards

Related: Super funds treat customers with contempt? That’s putting it lightly | Greg Jericho

There’s not a lot of alternatives we can turn to

They should stick to banking and avoid some of the peripheral things they might be involved in

Related: Buyers – and sellers – beware as royal commission exposes banking’s risky business

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Source: The Guardian

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