Mathias Cormann said all those involved in the latest revelations should"explain themselves".
A massive leak of documents has prompted questions about how close the nation's big banks are to their auditors.
The candid comments of top executives are detailed in a trove of internal documents leaked by a whistleblower that has sparked calls for an inquiry.
The former Treasury Secretary,whose royal commission appearance was widely criticised for being out of touch,says business is not meeting community expectations.
Economists say Bob Hawke led a government whose reforms are still paying dividends today.
The next chairman of National Australia Bank,Phil Chronican,has vowed to unleash"meaningful"change at the bank,after being appointed to replace Ken Henry.
Public life is healthier when those in authority take responsibility when things have gone wrong and when so many powerless people have been badly hurt.
The resignations at NAB feel good but what do they change?
Few could have predicted that one of Australia's most decorated public servants would become the biggest scalp of the royal commission into banking.
Henry is a relatively recent recruit to the banking industry. Others have grown fat on it over the entire length of their careers.
The fallout from the banking royal commission has added flame to Annette Emerson’s burning fire to switch banks.