Thieving bastards. I'm sure all of their victims feel comforted by the fsll from grace & smaller executive bonuses, while they try to find a place to live.
There goes a lot of people’s dividends just fell also
Banks have Trillions between them........these figures are insignificant in the long term.
The poor babies! And jusyvto correct you...it’s NOT the Commonwealth Bank, it’s the Communist Bank!
What a slap in the face to the Royal Commission and every person ripped off by these banks in some criminal way
Damn poor execs will only be able to buy one super yacht this year
Oh boo hoo
It might be time for the super funds to not invest in banks anymore, the banks only care about their customers. Needs to be a royal commission. FFS.
Aawwww!!, that’s terrible. Must be in anticipation of the fines from the BRC.
Poor bastards. Let’s start a gofundme🙄
They better apply for a government emergency handout, dunno how anyine can survive on a 6m profit of $4.6 billion.......
I hope they can battle through!
... meaning they need to rob customers more in the second half to compensate ...
The poor things...lets have a whip around
naww shucks
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ASIC orders Commonwealth Bank to stop charging financial feesAustralia's corporate watchdog orders the Commonwealth Bank's financial planning arm to immediately stop charging its customers ongoing service fees. Meh, ASIC - no teeth ASIC? stop looting overdue accounts with extra fees and charges forensic accopuntants need audit their books PUBLICLY because secrets don't work bank system is 44 trillion in debt globally jail them before they break us all by their debt ASIC are now going to swing the pendulum miles in the other direction after being found to be toothless for ages.....there'll be no middle ground....
Source: abcnews - 🏆 5. / 83 Read more »
Banks hand over $1 million in political donationsThe Commonwealth Bank increased its spend by 65 per cent as pressure mounted on the government to launch the royal commission. That is so so wrong. Who can help Australia because apparently we are not capable of helping our selves to run honest government. That’s got to be worth .. oh, I don’t know .. say 26 no votes for a royal commission? “National Australia Bank donated nothing after it announced in 2016 it would 'go clean' and put an end to political donations to avoid public perceptions of impropriety or graft.” Great, except the NAB Chairman acted like a spoilt brat at the BankingRC
Source: smh - 🏆 6. / 80 Read more »
‘We need to serve you better’: NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the organisation, despite scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, Commissioner Kenneth Hayne said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday.\n\nAt least 20 civil and criminal referrals have been sent to APRA and ASIC involving the Commonwealth Bank, NAB, ANZ and AMP.\n\n chriskkenny Wait until the rc into Newscorp. You might be in some strife auspol chriskkenny Nothing happened as a result of the exposures in the Union RC If it happens here then it really is time to revisit and hold out some people from the Unions as well chriskkenny Rubbish. Banks have been let off, brokers will be ruined, along with all the ancillary services. Consumers lose too as they’ll be without the benefit of quality advisers and will end up at the big 4. Check bank stocks v broking and aggregator stocks today. Farce of the century
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘We need to serve you better’: NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the organisation, despite scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, Commissioner Kenneth Hayne said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday.\n\nAt least 20 civil and criminal referrals have been sent to APRA and ASIC involving the Commonwealth Bank, NAB, ANZ and AMP.\n\n\n\n\n theheraldsun That would be as result of the slap on the wrist proposed by LNP theheraldsun Insider trading anyone?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Customers offered faster change in political fight over bank scandalsPolitical race begins to act on calls to crack down on financial fees in the wake of the Hayne royal commission's findings.
Source: smh - 🏆 6. / 80 Read more »
Grieving family slam Suncorp’s ‘insulting and upsetting’ actChristmas is always tough for the Low family, having lost patriarch Peter Low in a workplace accident in November 2015. Suncorp bank are the biggest bunch of crooks in the banking world
Source: newscomauHQ - 🏆 9. / 77 Read more »
‘Snide’ bank boss fighting to keep his jobHe was criticised for acting arrogant and snide during the banking royal commission, and now National Australian Bank chairman Ken Henry is fighting to keep his job. Yes a Makita power tool if there ever was one. Take the boardmembers’ bonuses to pay for the damage. Greed is fuel for destruction.
Source: newscomauHQ - 🏆 9. / 77 Read more »
'There should be criminal charges': Little closure for bank victimsVictims of dodgy banking practices want the royal commission recommendations to go further. Josh frydenberg is weak. The LNP is weak. crooksprotectingcrooks Auspol it's a disgrace that the banks got off so lightly ... if i steal money i get charged with theft, and go to court, and then jail ... the bankers involved are criminals! These accounts of how the banks staff treated them are disgusting. But what would you charge them with?
Source: abcnews - 🏆 5. / 83 Read more »
Bank shares skyrocket the morning after the release of the final reportABC's Peter Ryan has been watching the share market reaction where bank shares have rocketed the morning after the Hayne report. Banks including AMP, Westpac and the NAB are up from 5-9 per cent. Peter_F_Ryan That’d be right! Slap on the wrist then business as usual. This has to change! Peter_F_Ryan ....they should pay the ceo a fat bonus, they have managed this institutions like a well oiled machine, maybe they can print some money out of thin air and buy back some stock Peter_F_Ryan When they saw there would be no consequences...
Source: abcnews - 🏆 5. / 83 Read more »
Bank short sellers feeling $5b worth of Hayne painComment: That noise you're hearing that's like a painful intake of breath is the sound of bank short sellers being squeezed - $5.3 billion worth of pain I wonder. Any but the most naive investor knows about 'buy the rumour, sell the fact' which still holds except that for short sellers it's the reverse
Source: smh - 🏆 6. / 80 Read more »