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Banks remain under pressure to clean up advice arms

2015-03-24 22:05:49| Automakers - Topix.net

Commonwealth Bank of Australia, National Australia Bank, ANZ Banking Group, as well as Macquarie Group have all been hit by scandals over the past 12 months. The boss of Australia's big bank lobby group has defended his industry's stranglehold over the financial planning industry amid claims a consumer backlash is underway that could provide a boon for family-owned advisory firms.

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