NAB Defeated In Court
Court Rules Banking Code Must Be Adhered To By Bankers
Summary:
NAB tried to argue that the industry's self-regulatory Banking Code of Practice has no legal effect. Judge lashes NAB's attitude and states the code has contractual force, and that, because NAB breached it, the bank could not recoup $6 million in loan guarantees for a series of failed Gold Coast property investments.
Latest News & Articles
Bank Victims Horror Stories
From Extend RC Parliament Event
>> See ALL Horror Stories List
Bank victims, supporters and concerned citizens want to see...
ANZ CEO Shayne Elliott finally admits documents they used...
In the past bankers liked to present themselves as...
How low can a bank go? Setting up a farmer to strip the...