Recent News & Articles

Banking News

Find the latest news and stories about banks caught out in illegal and corrupt activity from around the world.
News / Article Summary	Go To Article
NAB Not To Be Trusted - Latest Disaster Damages Bank Brand NAB denies systemic crimes in its Wealth division. No-one believes the bank. The case for a Royal Commission is now rock solid.	Read More...
NAB Star Performers Out Of Control Due To Failed Regulator NAB financial planners as bad or worse than CBA's. Fraud and forgery uncovered by whistleblower leaks. Bank pays out victims to silence them and then pays out planners without reporting them to ASIC - allowing them to move to other companies to keep the same scams running.	Read More...
ASIC's Failure Means Royal Commission Is Now Urgent The banks are running an organised crime racket. Staff, financial planners, valuers, lawyers, liquidators, Courts are all involved in a well oiled machine which is designed to work against the client's interests simply to enrich each cog in the machine. This is crime on a grand scale. Reform is long overdue.	Read More...
NAB Fraud & Forgery Revealed In Damaging Leaks Don't forget to add a nice little summary about this page! Just a 2-3 sentences to whet the appetite.	Read More...
NAB Revelations Bolster Case For a Royal Commission The expose of NAB fraud and forgery in their NAB Wealth planning operation continues. It can only lead to a Royal Commission .... but it must be wide-ranging with extraordinary powers. It should look at the banks and the system in full - not just the financial planning arms.	Read More...
NAB Alters ASIC Media Release Yet another example of ASIC performing in a biased fashion - favouring corporate players that are abusing their position of power. NAB given the opportunity to modify an ASIC press release critical of the bank and a system error which cost clients millions of dollars.	Read More...
NAB Takes Years To Pay Compensation After Investment Nightmare Jeff Morris helps NAB victim Veronica Coulston get justice - eventually. How can other victims hope for success without an expert helping them? The only way is for the government to take bank crimes seriously.	Read More...
Forgery, Sackings And Millions In Compensation: NAB Under Fire Over Financial Planners It wasn't only in the UK that NAB was ripping off clients. 100s of Million of Dollars compensation could be required to compensate Aussie victims of NAB planners	Read More...
Whistleblower's NAB Leak Reveals Persistent Bad Behaviour NAB's financial advice arm has been infected with some of the same contagions as CBA's – forged client signatures, fraudulent file reconstructions, and poor advice leading to compensation payouts for some clients – underscores the problems festering in Australia's financial advice industry.	Read More...
Australia - Paradise For Control Fraud The performance of ASIC in regulating financial fraud remains under question, despite Chairman Greg Medcraft’s recanted statement that Australia is a “paradise” for white-collar criminals. Philip Soos gives a clear explanation of how banks use crooked accounting to steal money from customers and shareholders. Control Fraud is the name of the game. Why do our politicians allow this to damage our economy and our people?	Read More...
NAB High Court Case Pending Regarding Loan Payout Abuses Elliot Sgargetta - in a David versus Goliath battle - Seeking his day in the High Court to find justice against NAB - the bank that tried to force a trapped customer to pay an extra $24,000 on a loan payout. Now NAB want to take his house. Elliot has put six years of his life into this. NAB and the other banks are in big trouble if Elliot can set an important precedent.	Read More...
ASIC - AWOL - Missing In Inaction ASIC Whistleblower James Wheeldon explains why our key corporate regulator condones and encourages unethical and unlawful behaviour. It means we are not served by the agency that is supposed to prevent white collar crime and the flow on damage to businesses and families.	Read More...
NAB Found Responsible For Farm Animal Deaths Kim Hall has experienced the dark side of NAB's business model. He was promised funding for his redevelopment but it was a set up. At the critical moment funding was withdrawn. The land was taken. NAB refused to give it back even when Kim had arranged alternative financing. NAB - Ultimate Unconscionable Banking Inc.	Read More...
Australia's Opportunity To Reform Financial System 2014 – Australia hosts the G20: Bank Reform Now encourages Prime Minister Tony Abbott to put serious discussions on the table at the G20 meetings regarding - Finance and Central Banks. Meetings scheduled this year in Sydney (February 22nd – 23rd), Melbourne (June 22nd – 23rd), Cairns (September 18th – 21st) and Brisbane for the final communique (November 12th – 15th).	Read More...
Is NAB The Most Corrupt Aussie Bank? Dr Evan Jones reports on NAB's way of doing business. Why isn't this information on the front pages of our newspapers? Why are our politicians not acting in the people's interests?	Read More...
The Deterrent For Bad Banking Behaviour Is Minuscule Governments allow bankers to get away with criminal activity because the penalties are far less than the proceeds of the crimes. Serious bank crimes require serious penalties.	Read More...
CBA Financial Planning Scandal The bank's compensation system encouraged criminal behaviour. CBA Whistleblower Jeff Morris exposes the corrupt financial planning division of the bank.	Read More...
NAB And Its Treacherous Destruction Of Wide Bay Bricks There are hundreds of NAB related cases and articles you could read which show how you and your family will benefit by supporting the Bank Reform Now protest movement. If you only have time to read one of the cases - please just read the letter shown below. This clearly shows why Bank Reform Now is needed and why - with your support - we will not stop the campaign until the important precedent is set .... and we all win against corrupt banking behaviour.	Read More...
The Sliding Scales Of Justice In Queensland August 2012 - Queensland Government aims to close down the State Reporting Bureau and to outsource the recording and production of transcripts for Queensland court proceedings - Dr Evan Jones reports	Read More...
Bank Corruption Down Under There is plenty of evidence of corrupt - predatory bank behaviour but the government turns a blind eye. Evan Jones exposes the racket and how it damages people and businesses.	Read More...
Kay v NAB [2010] NSWSC 1116 A Court case study - NAB abuses its position of power charging outlandish and unjustifiable fees, penalties and interest. Court rules against NAB.	Read More...
The NAB, Small Business And The Wilful Ignorance Of Judges The National Australia Bank claim to be the bank of small business — but they are anything but, explains Australia's leading exposer of bad banks, Associate Professor Evan Jones.	Read More...
Predators - Where Are Our Financial Watchdogs? Banks and brokers are involved in widespread fraud. Loans are being given out almost willy nilly - often to people who can't afford them. The loan officer gets a bonus and lines up for a promotion. The bank victims have their lives destroyed. ASIC and its external dispute resolution arms FOS and COSL look on. It's time they acted in the people's interests.	Read More...
Banks: Still The Untouchables Loan Application Fraud, Predatory Lending - Tools of the trade for NAB. Why don't the Courts and the Government go after banks behaving badly?	Read More...
Regulator Examines NAB Over 'Breach' NAB once again under scrutiny from the corporate regulators for unconscionable conduct. Personal guarantees have to be explained to the customer, or the opportunity given to obtain independent legal advice. NAB's non-compliance is a breach of the Trade Practices Act.	Read More...
NAB Accused Of "Unconscionable Conduct" More and more cases of NAB's predatory business practices are coming to light. Here the 7.30 Report exposes the massive damage deliberately inflicted on the Safetli family.	Read More...
NAB Report Grim NAB cash earnings down 9%. $360 million foreign exchange scandal is only part of the story.	Read More...
Regulator's Report Pans NAB APRA investigation forces NAB CEO Frank Cicutto and Chairman Charles Allen to quit. APRA doesn't trust the board and management of NAB in light of the foreign exchange scandal.	Read More...
Say No To Bullying Be very cautious when dealing with a bank like NAB. Particularly if you are asked to guarantee a loan.	Read More...
Federal Court Declares NAB Acted Unconscionably The Federal Court has today declared that the National Australia Bank acted unconscionably in its dealings with a Tasmanian woman, Mrs Kathryn Ashton.	Read More...
ACCC Alleges Unconscionable Conduct By NAB National Australia Bank caught red handed after decimating a Tasmanian family with an unconscionable $200,000 fraud. ACCC to the rescue.	Read More...