ACCC boss backs massive fines for banks

By Karen Sweeney
Updated April 23 2018 - 8:32am, first published 8:25am
ACCC boss Rod Sims wants to see the banks slugged huge amounts if they behave badly.
ACCC boss Rod Sims wants to see the banks slugged huge amounts if they behave badly.

The head of the consumer watchdog believes penalties of hundreds of millions of dollars for financial misconduct would prevent banks seeing the fines as a cost of doing business.

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