Banks to be called before Parliament's economics committee annually, says Malcolm Turnbull

By Tom McIlroy, Clancy Yeates
Updated August 5 2016 - 4:09pm, first published August 4 2016 - 9:16pm
Prime Minister Malcolm Turnbull and Treasurer Scott Morrison. Photo: Andrew Meares
Prime Minister Malcolm Turnbull and Treasurer Scott Morrison. Photo: Andrew Meares
Malcolm Turnbull says summoning the Big Four banks on an annual basis will trigger ongoing, permanent cultural change.  Photo: James Brickwood
Malcolm Turnbull says summoning the Big Four banks on an annual basis will trigger ongoing, permanent cultural change. Photo: James Brickwood
Labor's small business and financial services spokeswoman Katy Gallagher. Photo: Graham Tidy
Labor's small business and financial services spokeswoman Katy Gallagher. Photo: Graham Tidy

Bosses of Australia's big-four banks will be called before Parliament's economics committee to explain their interest rates and other corporate decisions, Prime Minister Malcolm Turnbull said on Thursday.

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