Oz bank bosses face probe amid cost-of-living worries

(Image: NZME)

Fri, 30 Aug 2024

By Kat WongScams, soaring mortgage payments and the rising cost of living will be top of mind as the heads of two of Australia's biggest banks arrive at Parliament in Canberra for a political grilling.National Australia Bank chief executive Andrew Irvine and Shayne Elliot, the head of Australia and New Zealand Banking Group Ltd (ANZ), will appear before a House of Representatives review of the country's big four banks on Friday. The four control about 80% of the Australian banking sector and have been accused of exacerbating financ...

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