This essay critically evaluates the ethical conduct of major Australian banks in light of the Hayne Royal Commission's findings, focusing on a Financial Review article that exposed forgery, bullying, and sexual harassment within these institutions. The analysis explores breaches of corporate governance, failures in corporate citizenship, and lapses in ethical leadership. It examines the actions taken (or not taken) in response to these ethical dilemmas, questioning their ethical validity through the lens of Utilitarianism and Deontology ethical theories. Furthermore, the essay employs an ethical decision-making process to propose viable solutions, advocating for the implementation of corporate social responsibility (CSR) frameworks to foster transparency and accountability within these banking corporations. Ultimately, the essay underscores the importance of ethical conduct in maintaining stakeholder trust and fulfilling social responsibilities in the banking sector.