A blue over ANZ's orientation toward a speed up culture reflected in a jobs trimming can only escalate at a sensitive time for the banking industry.The Finance Sector Union outline yesterday is a glimpse at a bank's inner workings at a time of hard choices, many with Asian themes.The controversy is not the 100 plus souls soon to be cast into involuntary unemployment by ANZ, but the distemper and business inconvenience that the measure reflects.At one level it's business as usual for ANZ. Periodic cost cleaving is an imperative in a sector where barriers to entry are high.The expectations of 21st century investors, moreover, are higher, bordering on the extreme.The sector is practically tone deaf to the caravan of retaliation and retribution that might yet take hold if thirty years of dishumour toward Australia's post-1981 regulation money power expresses itself in national policy.Labor's national leadership in all likelihood have little idea, even a central, definite thought on where to point the Royal Commission.Will there be rush by banks to fess up to misconduct, if there's more to disclose?A bruising period of incremental news on Australian banking malfeasance must lie ahead.This has to be destabilising in an oligopoly where two big bank boards (Banking Day knows or infers) are closing in on the selection of a new CEO.ANZ is one on our list. Mark Whelan, the lead insider, is set for quick promotion with real board interest in a sooner rather than later scenario, resulting in Shayne Elliott copping a short tenure.Whelan is chief executive of ANZ Australia and the bank's managing director for global commercial banking.His board supporters have influence and the necessity for yet another new face at the helm of ANZ may prove essential.Untangling ANZ's Asia story and taking responsibility for failure, some board names will need to leave to share in the fall with Shayne Elliott.Second must be Commonwealth Bank. Ian Narev must be a prime candidate for an early exit from the Australian banking scene as the anti bank crusaders rally to the Labor cause in the 2016 election.Narev produced no gains for CBA in the taut canvas that is the Australian banking industry.Commonwealth Bank lost market share following its GFC takeover of Bankwest.If all are honest, as the GFC tsunami crossed Australia in 2008, CBA's custodians harboured high minded ideas about the progression they might make in industry rankings.A barely disputed pillar of certainty and strength amid the crisis, Commonwealth Bank was the 'go to' name for safety and surety.An inevitable beneficiary of the GFC, Commonwealth Bank somehow allowed too many new or 'back to the bank' customers to float away again.The CBA management around Ian Narev were at least in line; Westpac handling St George as badly.The deepest rot may cut deeply in the end at Commonwealth Bank.A thorough refresh of the CBA board must be in the wings.Too many of the best established instances of institutionally programmed and poorly governed sales practice centre on Commonwealth Bank.Is there a smoking gun in the banking