Hayne Royal Commission interim report to be bruising for banks, insurers and wealth managers

Banks, wealth managers and insurers will be targeted in the interim report from the financial services Royal Commission set to be released later today. 

AMP, the Commonwealth Bank and the National Australia Bank are likely to be highlighted in the "fee for no service" scandal where shareholder interests where put ahead of customers. 

ABC's Peter Ryan says the final report in February is likely to refer potential criminal or civil charges to the Commonwealth Director of Public Prosecutions for investigation.