Australia's top bankers will have to explain what went wrong in their advice divisions at a public Senate hearing in Canberra on Tuesday.

THE big four may not be among banks with the potential to put global markets at risk, but they may still have to report like one anyway.

Aussie Home Loans founder John Symond, who helped ignite a wave of mortgage competition against the banks in the 1990s, has rejected claims that competition in home loans is inadequate such is the rivalry among the big four banks eager to lend money for housing.

As the year comes to a close we look back on what we have been able to achieve in 2013 with regards the exposure of blatant greed and malpractice by the ”Big Banks”. It has been a depressing year.