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What bank bombshell means for youThe banking royal commission’s final report has singled out one of the big four banks for failing to learn from its misconduct. Nothing Zilch Nada
Source: newscomauHQ - 🏆 9. / 77 Read more »
Banking royal commission makes 76 recommendations for reform | Sky News AustraliaThe banking royal commission has made 24 referrals to regulators and 76 recommendations for wide-ranging reform in the sector.\n\nBanking royal commissioner Kenneth Hayne QC says the time has come to address financial misconduct and prevent its recurrence, proposing a raft of measures designed to better protect consumers.\n\nMr Hayne has made 24 referrals, including all the major banks except for Westpac, to the Australian Securities and Investments Commission and Australian Prudential Regulation Authority for further investigation.\n\nMr Hayne was scathing of some bank bosses, particularly the National Australia Bank, for being unwilling to accept responsibility.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry, a former Treasury secretary.\n\n\n\n\n Bowenchris ScottMorrisonMP Chris Bowen has confirmed that he and Labor are committed to the death of mortgage broking in Australia, ensuring that banks get richer and consumers are worse off. This is what you can expect from a Shorten-led Labor government.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Banking royal commission makes 76 recommendations | Sky News AustraliaThe banking royal commission has made 24 referrals to regulators and 76 recommendations for wide-ranging reform in the sector.\n\nBanking royal commissioner Kenneth Hayne QC says the time has come to address financial misconduct and prevent its recurrence, proposing a raft of measures designed to better protect consumers.\n\nMr Hayne has made 24 referrals, including all the major banks except for Westpac, to the Australian Securities and Investments Commission and Australian Prudential Regulation Authority for further investigation.\n\nMr Hayne was scathing of some bank bosses, particularly the National Australia Bank, for being unwilling to accept responsibility.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry, a former Treasury secretary.\n\n\n\n\n jmwhistleblower frontpage Heads need to roll and the resounding bang of cell doors slamming shut on these criminals, their properties ceased immediately and their ability to work in any position of authority again before we feel anything at all remotely like closure.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Crimes, radical changes to super, home lending from Hayne final reportBanks should face criminal charges over the fees-for-no-service scandal, while the superannuation and home loan sectors need to be radically overhauled, under sweeping recommendations by the bankingroyalcommission if I rob a bank i go to jail. if a bank robs me they go to lunch. if i commit fraud i go to jail. if insurers commit fraud they go to lunch. if politicians lie we pay for lunch. after lunch they go to bed. that's the problem. the elephant in the room. end political donations. With a bit of divination it turns out to be most likely Labor's fault and/or UnionThugs eh. Yep send all those HIGHLY PAID executives who screwed an average citizen and business over all the while hob knobbing it at lunch to PRISON!! karma is a biarch !!BanksRC bankingroyalcommission
Source: smh - 🏆 6. / 80 Read more »
Crimes, radical changes to super, home lending from Hayne final reportThe royal commission maps a blueprint to overhaul financial services in Australia Aussies want blood -directors, board members, trustees, employees all met to be prosecuted, exposed and punished. Anything less is insufficient
Source: theage - 🏆 8. / 77 Read more »
Crimes, radical changes to super, home lending from Hayne final reportCrimes, radical changes to super, home lending from Hayne final report BankingRC BankingRoyalCommission Credit should be nationalised. Anything too big to fail should be nationalised, because normal rules of bussiness do not apply where default would entail a national disaster.
Source: theage - 🏆 8. / 77 Read more »
Hayne unleashes on NAB boss and chairmanThe royal commission has slammed NAB's Andrew Thorburn and its chairman, former Treasury secretary Ken Henry, for not learning the lessons of the past. I watched him at the Royal Commission and I found him aggressive offensive and in my opinion should be sacked. Who the hell does he think he is. The way he treated Rowena Orr was nothing short of absolutely disgusting Le Reve, what about him? These pricks at NAB wanted to charge me $10 for a bank statement that was printed up in 30 seconds, 20 years ago. Minor but an example of self regulation. They made the error of giving me the statement first.
Source: theage - 🏆 8. / 77 Read more »
Hayne unleashes on NAB boss and chairmanThe royal commission has slammed NAB's Andrew Thorburn and its chairman, former Treasury secretary Ken Henry, for not learning the lessons of the past. so arrogant Rip the greedy mugs a new one Feelings? Where are the fines and jail time? They defrauded and actively participated in criminal activity, they deserve a cell!
Source: smh - 🏆 6. / 80 Read more »
Hayne verdict LIVE: Scandal-plagued banks face reckoningAfter 68 days of public hearings, 134 witnesses and more than 6,500 exhibits, the banking and finance royal commission report will be released at 4.20pm today. Follow our live coverage. scomo regrets he cannot be in Australia today to witness the fallout The ignorance that the NAB have instilled is almost like it’s part of their culture as the answers about the fraudulent activity that Was reported about were just blown off with replies like We’ve checked your accounts are safe. Now I’m frozen out of my entire port folio bar 1acc That one account has zero balance, NAB along with MLC, fake emails reported, unencrypted emails in my mailbox for years and reported about, financial advisors plans that look like they were prepared by a grade four student and the costs I said the truth is coming so here it is
Source: smh - 🏆 6. / 80 Read more »
Hayne verdict LIVE: Scandal-plagued banks face reckoningAfter 68 days of public hearings, 134 witnesses and more than 6,500 exhibits, the banking and finance royal commission report will be released at 4.20pm today. Follow our LIVE coverage. I await all of the xpert information coming out of the mouth of so many XPerts. Can they agree? 420 brah Limited public hearings
Source: theage - 🏆 8. / 77 Read more »