Something Ned Kelly could only dream of, while in the process of making billions of dollars in profits, Australia's banks are being exposed as robbing both customers and employees of millions of dollars. A few examples;

ASIC has initiated civil penalty proceedings against CBA for allegedly overcharging roughly 42,000 business (CommBiz) customers by about $8.5 million in undisclosed fees between late 2020 and mid-2023.

ASIC have previously pushed major banks for failing to proactively move vulnerable or low-income customers (such as Centrelink recipients) into appropriate low-fee accounts.

Westpac, ANZ, NAB, and CBA have faced parliamentary committees and Senate inquiries examining mortgage interest rates, high profit margins, scam protections, and customer service practices.

NAB has committed to repaying nearly $170 million, money owed to roughly 66,000 current and former staff.

CBA pleaded guilty in the Melbourne Magistrate's Court to criminal charges for failing to pay long service leave entitlements, underpaying hundreds of staff more than $1.6 million.

Like as all Big Businesses do, robbing customers and employees is part and parcel as a way to boost the bottom line! Banks are not alone in this, big supermarkets and others do it regularly.