This will result in a recession. Brought on by a Royal Commission. 👏🏻👏🏻👏🏻ALP.
Artificial credit squeeze to put pressure on the economy and force the regulators to back off? Nah, the banks wouldn't do that, would they?
All that bank bashing really paid off didn’t it.
Harder as in wait for people to actually ask?
Illegal refugees taking all the white man's money!
Shit happens - people borrow too much money anyway.....this might actually change the culture of living on huge credit. Do what I do - save for it and pay cash...…..If you cant do that, you probably cant afford it in the first place
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Australian farmers worst hit by big banks: whistleblower | Sky News AustraliaFarm debt mediation is just one of many of the Banking Royal Commission recommendations whose implementation should be prioritised, says former Commonwealth Bank employee-turned-whistleblower Jeff Morris. \n\nMr Morris told Sky News Australian farmers have been most negatively impacted by the banking sector and ‘this modern style of crash bang banking’ \n\nHe has urged the government, together with banks, to take immediate action. \n\n\n\n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Senate banking inquiry launched after banking victims complain of 'kick in the guts'The big four banks will face another Senate inquiry in the immediate aftermath of the banking royal commission.
Source: theage - 🏆 8. / 77 Read more »
House prices to fall if lending laws changed, experts warnMooted changes to laws governing the way banks assess home would have a significant impact on the banking industry and possibly the economy, experts say. Sweet. Time to collect all the houses. Bankers, Regulators & Political Manipulated by Developers. responsibility remains with Federal Reserve & all lenders. ASIC APRA Treasury & thousands of Greedy's. HAVE over primed basic need of housing to a stock commodity. to Gamble on. on back of SUB PRIME scam. Over-Prime isn't this supposed to be a policy objective?
Source: theage - 🏆 8. / 77 Read more »
House prices to fall if lending laws changed, experts warnMooted changes to laws governing the way banks assess home would have a significant impact on the banking industry and possibly the economy, experts say | sdanck sdanck In a country where the vast majority of people only have a wage income and all their expenditures are captured with their bank card - what excuse is there to estimate expenditure? Looks like it was just a way to overleverage schmucks. sdanck There is a Revolution happening in France not Venezuela and the MSM refuses to acknowledge and cover it truthfully. sdanck But was that not the area where the fraud occurred with doctored paperwork at the branch ?
Source: smh - 🏆 6. / 80 Read more »
Senate banking inquiry launched after banking victims complain of 'kick in the guts'The big four banks will face another Parliamentary inquiry in the immediate aftermath of the banking royal commission | ErykBagshaw
Source: smh - 🏆 6. / 80 Read more »
Queensland graziers take clean up a day at a timeRachael Anderson's immediate concern after floods killed half of her herd is not the 2000 or so carcasses now rotting in swampy paddocks. It is the banks. They will understand. AnimalsAus and peta are missing in action. It's almost like they are full of sh!t. The Banks should suspend all payments due for 12 months, with no interest. Show some compassion and common sense for the victims ( farmers and shop keepers etc) of the Queensland floods.
Source: smh - 🏆 6. / 80 Read more »
Home loan details of 100,000 customers hacked in major data breachThe nation's biggest banks are scrambling to contact customers who may have been caught up in a major data breach at one of the country's largest property valuation firms | msccummins
Source: smh - 🏆 6. / 80 Read more »
Labor retains commanding lead in latest Newspoll | Sky News AustraliaThe Coalition continues to trail behind Labor, despite Scott Morrison’s approval ratings rising in the latest Newspoll. \n\nThe results revealed the opposition leads 53-47 per cent on a two-party preferred basis. \n\nScott Morrison remains as preferred Prime Minister, leading Bill Shorten 44-35 per cent. \n\nImage: News Corp Australia \n\n\n\n\n\n\n australian
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Bowen urges Coalition to legislate banking royal commission reforms | Sky News AustraliaMEDIA CONFERENCE: Shadow treasurer Chris Bowen has called on the government to extend parliament’s sitting schedule to pass the ‘straightforward’ recommendations from the royal commission.\n\nCommissioner Kenneth Hayne's final banking royal commission report contained stricter penalties for negligent mortgage brokers and greater oversight of financial advisors, among other proposals.\n\nThe Coalition has agreed in principal to the majority of the 76 recommendations contained within the report.\n\nParliament is scheduled to sit for ten days before the election is due to be held in May.\n\nMr Bowen told reporters in Canberra that Labor is prepared to sit for longer to ensure bipartisan recommendations can be ‘quickly legislated.’ TroyBramston Competition didn't exactly stop them in the USA in 2008 did it. TroyBramston All bull. Just need to put a few middle and senior managers in Jail and ethics will improve immeasurably. TroyBramston But jail is the appropriate place for crooks, isn’t it?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Politicians and economists will determine whether bank misbehaviour stopsIn the wake of the Hayne report on financial misconduct, many are asking whether the banks have really learned their lesson, whether their culture will change and how long it will take. Sorry, that’s just the smaller half of the problem. Banks' loyalty is to provide profits to shareholders. That is what boards, execs et al are rewarded for. Nothing else. Customers are a resource, to extract as much a possible without actually killing them off. Whilever the rewards system remains unchanged, nothing else will. A business operated by Australians doing the dirty on Australians? demystify AussiesrobbingAussies tellitasitis Major change needed at the top and in middle management. Middle management is where much of the problem lies. In the army it’s the sergeants that run the army; same with organisations. Culture needs to be customer focused in banks like it was thirty years ago before mega mergers
Source: theage - 🏆 8. / 77 Read more »