More pain for the banks today, via Chanticleer:
Hodge assured those in the room and others watching the live stream that commissioner Kenneth Hayne, who built a distinguished career ruling expertly on black letter law, wants to draw out the personal and emotional impact of banking misconduct.
The commission has become a venue for reminding boards of directors and managers of large financial institutions that they cannot pursue financial returns while ignoring the human impact of decisions that fall below community standards.
