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Aussie banks focus on job cuts as inquiry looms

Big Four respond to revenue crunch by reducing costs; strategy coincides with start of a royal commission looking into misconduct in the financial sector starting on Monday

Sydney

AUSTRALIA'S big banks are responding to a revenue crunch by cutting jobs and other costs, prompting fears on the eve of an inquiry into their businesses that the industry's tarnished reputation is about to take another hit.

Regulators' demands that banks hold more capital

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