SYDNEY (March 13): The first day of a powerful judicial inquiry into Australia's scandal-ridden banking sector on Tuesday heard National Australia Bank Ltd issued almost US$19 billion in home loans, under a scheme involving falsified documents.
It was the first bombshell of what promises to be an explosive year-long inquiry into the financial sector and especially the "Big Four" banks, which dominate the country's A$1.7 trillion (US$1.36 trillion) mortgage market.
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