Banking inquiry: What have we learnt and where to from here?

The banking inquiry has laid bare a litany of examples of bad behaviour, with each of the big four plagued by their own separate scandals. The biggest news from inside the inquiry was ANZ's revelation it was considering following NAB and stopping donations to the major political parties — if anything a display of the banks taking the moral high-ground. Analysis: The next big banking crisis With another banking crisis brewing again in Europe, the leaders of our big four banks are steeling themselves for what they hope will be a meaningless bit of theatre in the national capital this week, writes business editor Ian Verrender. Photo shows CBA Boss Ian Narev will be the first to front the Economics Committee Ahead of the banking inquiry, business reporter Michael Janda explained the four key questions that should be put to the four big bank bosses. Bill Shorten said on Thursday: "If all of these banks are saying we stuffed up, we got it wrong, we have caused problems for our customers, haven't they just made the final argument in favour of a banking royal commission?"