Strewth, Australian banking is losing top bankers faster than fruitbats falling out of a gum tree in an Oz heatwave.

It’s all due to the grievous mauling Antipodean financial services have just received at the hands of a year-long Royal Commission inquiry into serious compliance failings, an investigation into what otherwise is known in Oz as the notorious “fees for no service” scandal.

This ugly imbroglio has a special brilliance worthy of the country which has given us Pokies, Two Up and Ned Kelly, namely involving charging fees to some thousands of dead clients over recent years. It seems that even the deceased...