Karen Moley puts lippy on the banking pig today:
…there’s no doubt that the Hayne royal commission – which has forced the banks to crack down on some of their lax lending standards and to forsake some of the suspect fees they’ve been happily pocketing for years – has played some role in this sell-off of the local players.
But the woeful performance of European bank stocks suggest that not all the blame can be sheeted home to the Royal Commissioner, Kenneth Hayne.
