Banks Too Slow To Compensate Victims

Are the banks fit for purpose?

Summary: 

Questions need to be asked about the state of Australia's banking system. Clearly there is something very wrong when billions of dollars are being set aside to remediate clients who have been ripped off one way or another. The banking model is flawed. It is not designed to provide a meaningful service to customers. Banking is taking far too much of the county's wealth to benefit international elite interests. This powerful article from The Australian's Joyce Moullakis is well worth a read. It will trigger thoughts regarding the nature of the banks' commitment to remediation. A lot of money has been set aside - but how much will actually end up in customers' pockets?

Article Information
Category: 
Author: 
Joyce Moullakis
Source: 
The Australian - Buinesss Review
Date First Published: 
15 Nov 2019
Posted By
Peter Brandson
Peter Brandson's picture

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...

Recent News & Articles

It's time to kill the CASH BAN Bill. Many pollies are too...
In a country as wealthy as Australia why are we seeing such...
Election 2019 is our chance to show we are not falling for...

Need Support?

Financial Help
Tips & Resources to help you avoid or manage financial difficulty...

>> read more 

Emotional Help
Financial stress is a major factor in depression and anxiety, if you are suffering you can get help...

>> read more 

Poll

Should bank CEOs and loan officers face asset seizures and jail terms for criminal banking practices?

Socialize with us

Join BRN -Take Action



               


Go to top