Japanese banks dig for gold down under

MUFG right to invest in Australia in latest example of a smart megabank strategy for the Asia-Pacific

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MUFG's move is another example of Japanese banks' right strategy for the Asia-Pacific.

Australian financial markets have been rocked in recent months by the findings of the Royal Commission into misconduct in the banking and financial services industry.

Extraordinary revelations of executives' avarice and the relentless pursuit of profit have led to some jaw-dropping findings. Senior heads have already rolled, with more likely to come.

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