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Why bank shares are climbing despite the royal commission

  • Written by Mark Humphery-Jenner, Associate Professor of Finance, UNSW

The Banking Royal Commission landed after the stock exchange closed for business on Monday. It recommended additional controls on banks and financial services providers, and excoriated one.

But the banks’ share prices surged on Tuesday as almost A$20 billion was added to the value of the big four – their biggest one day increase in...

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