Bank Scandals

News

Menu

Login RSS

Cuzz Media

Cuzz Media

Cuzz Media is part of t...

NAB VICTIM

NAB VICTIM

In late 2008 we became vi...

Banking In Australia Today

Banking In Australia Today

Visit Banking in Austra...

Donate Please

Donate Please

We need your support. ...

Prev Next

Twitter Facebook Pinterest Google+

Home
/
Bank Scandals

Bank Scandals

Bank Scandals

Bank and financial services customers may have lost up to $201b due to misconduct, study finds

Published in Bank Scandals
Be the first to comment!

PHOTO: Analysts estimate the customer compensation bill for financial institutions may exceed $10 billion. (ABC News: Claire Moodie)

More than half of Australia's population has lost money due to misconduct or inappropriate actions by financial services institutions such as banks, a University of Melbourne study has found.

Read more...

Royal commission needs to examine both sides; let bank victims be heard

Published in Bank Scandals
Be the first to comment!

Royal commission needs to examine both sides; let bank victims be heard

“In considering the interim report of the banking royal commission, thought needs to be given to the appropriate protections for borrowers caught in uncontrollable and unforeseen external events, such as the global financial crisis (GFC) or when a bank acquires another bank,” the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell today.

Read more...

Rabobank NA Pleads Guilty, Agrees to Pay Over $360 Million

Published in Bank Scandals
Be the first to comment!

Rabobank NA Pleads Guilty, Agrees to Pay Over $360 Million

As a Result of Rabobank’s Bank Secrecy Act and Anti-Money Laundering Failures it Processed over $360 Million in Illicit Funds and then Conspired with its Executives in an Attempt to Conceal These Ongoing Failures From its Regulator

Read more...

Moving Foward - Bob Katter will introduce Australian Glass-Steagall legislation into Parliament

Published in Bank Scandals
Be the first to comment!

Moving Foward - Bob Katter will introduce Australian Glass-Steagall legislation into Parliament

The CEC have a new petition - Pass Australian Glass-Steagall Bill to break up the banks - Please add your voice to the continuing campaign. Apr 24, 2018 — Bob Katter will introduce Australian Glass-Steagall legislation into Parliament

Read more...

Government sneaks through APRA ‘bail-in’ law, but fuels anti-bank revolt

Published in Bank Scandals
Be the first to comment!

Government sneaks through APRA ‘bail-in’ law, but fuels anti-bank revolt

Under siege from erupting public opposition, the Turnbull government whisked its APRA crisis resolution bill through the Senate and into law on 14 February.

Read more...

Malcolm Turnbull delays Parliament amid banking commission push

Published in Bank Scandals
Be the first to comment!

Prime Minister Malcolm Turnbull has decided to delay Parliament. Photo: AAP

Prime Minister Malcolm Turnbull has taken the unusual step of delaying Parliament for a week, a move Labor and some crossbenchers have described as an “attack on democracy”.

Read more...

Sean Whelan: Money cops and bank robbers

Published in Bank Scandals
Be the first to comment!

Sean Whelan: Money cops and bank robbers

In 2008, both Ireland and the United States of America bailed out their banks. The big difference is that the American politicians did not trust their bankers with a vast amount of public money. So they set up a special police force to make sure the taxpayers didn’t get ripped off.

Read more...

Yes Minister: How Turnbull botched ASIC leadership

Published in Bank Scandals
Be the first to comment!

The botched ASIC succession is worthy of Australia's first Yes Minister episode.

Memo to TV producers, Australia has enough material for its own version of Yes Minister. The Turnbull government's botched recruitment drive to pick a new head to run the corporate regulator would provide rich material for the first episode.

Read more...

ATTORNEY GENERAL GEORGE BRANDIS CRIMINALLY CHARGED

Published in Bank Scandals
Be the first to comment!

Rod Culleton - Senator for WA - 'In Exile'

Politicians are not above the law and for too long, people in high places have not been held to account when they break the law. I have not given up the fight against those responsible for my removal from the Senate because I gave my sworn public duty to uphold the laws of Australia, as a member of the High Court of Parliament, and that is what I am dedicated and compelled to do under the Constitution.

Read more...

APRA inquiry may trigger CBA management shake-up

Published in Bank Scandals
Be the first to comment!

APRA's probe 'quite serious' for CBA The fallout from the Commonwealth Bank of Australia's money-laundering scandal has widened, with the banking regulator launching an inquiry into the lender's culture and governance.

The Commonwealth Bank is tipped to face further upheaval in its senior management ranks after the banking regulator's move to put its organisational structure under the microscope.

Read more...

More...

Subscribe to this RSS feed


	Noel Edmonds - Full in-depth interview	Play
	Good overview video from ABC news of...	Play
	Why the whole banking system is a...	Play
	The Biggest Scam In The History Of...	Play
	Broker blows whistle on sub-prime...	Play