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Banking News

Find the latest news and stories about banks caught out in illegal and corrupt activity from around the world.

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People Power - Bank AGMs - Round 1

HOT OFF THE PRESS - Craig Caulfield has been battling to get justice from the Commonwealth Bank of Australia (CBA) for nine years. He has just sent us his latest on the first bank - CBA - to feel the power of the people during the AGM phase of the campaign. There are other banking events over the next few weeks. Join in. Here is what Craig had to say -

CBA AGM hears the truth from Bank Warriors
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NAB Banker Guilty

This NAB story is very interesting. Spot the difference - A banker rips off the bank and is quick smart reported to police - pleads guilty in court - and most likely will be jailed. A banker rips off a client .....  well you know how it used to end. But not anymore. We are now in a changed environment. Reforms are brewing that will see bankers heavily fined and jailed ..... and their victims fully compensated. Bankers that do not accept the new reality will be at very high risk of losing their jobs and bonuses .... at best. At worst ..... do not pass go ..... you know exactly where you will be heading. Any banker knowingly covering up serious crimes and misconduct will be held accountable.

NAB's Ferrari-driving banker guilty
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CBA Victims Corner CEO

Selwyn Krepp and Bob Bourne know how ruthless bankers and their lawyers can be. Both victims of CBA - they took the opportunity to meet with CEO Matt Comyn in Canberra .... right after the Economics Committee finished grilling him. BRN suspects Mr Comyn now has a much better understanding of the situation bank victims face. There is not much worse than losing you home, business and job thanks to bank misbehaviour.

Bank victims wait for CBA CEO  Matt Comyn
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ANZ in the dock - Big4 Banks Review

Hansard Transcript - The Treasurer has asked the Standing Committee on Economics to inquire into and report on a Review of Australia's Four Major Banks. This is ANZ's appearance at the fourth review. Members of the BRN team were in attendance to bear witness. The MPs on the committee did a magnificent job. The CEOs were not able to bluff their way out of being accountable. We have saved the transcript here for you.

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Westpac in the dock - Big4 Banks Review

Hansard Transcript - The Treasurer has asked the Standing Committee on Economics to inquire into and report on a Review of Australia's Four Major Banks. This is Westpac's appearance at the fourth review. Members of the BRN team were in attendance to bear witness. The MPs on the committee did a magnificent job. The CEOs were not able to bluff their way out of being accountable. We have saved the transcript here for you.

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CBA In The Dock - Big4 Banks Review

Hansard Transcript - The Treasurer has asked the Standing Committee on Economics to inquire into and report on a Review of Australia's Four Major Banks. This is the Commonwealth Bank of Australia (CBA) appearance at the fourth review. Members of the Bank Reform Now team were in attendance to bear witness.

The MPs on the committee did a magnificent job. The CEOs were not able to bluff their way out of being accountable. We have saved the transcript here for you.

CBA Bank - Meet bank victims
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Frydenberg Sees The Light

Public pressure works. Scott Morrison and Josh Frydenberg have been contacted many times about bank crimes. They both have been given case histories. They know have no chance of winning back public trust unless they extend the Royal Commission. Bankers and regulators must be held accountable and victims must be compensated. It's a no-brainer. Josh Frydenberg must contact Bill Shorten and arrange bipartisan support for an extension .... now.

No chance of an election win until banks are sorted
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Corruption Is Baked Into Banking

Bankers have a well-oiled operation which has enriched and protected them. Henchmen in law, politics and the regulatory system have all played an essential role in enabling corruption in the banking and finance sector.

However - times have now changed. The people are now aware and alarmed. They will no longer tolerate being abused and ripped off by a system which no longer appropriately serves the needs of Australians. Dr Evan Jones shows you the brutal truth right here.

Systemic & Grand Corruption Enables Bad Banking
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Bankers Prosper While We Suffer

John Quiggin nails it - the financial system is fundamentally flawed. It is used as a tool to siphon the wealth of the people and the nation into the hands of the elite. We don't have to wait until the next crash to fix this diabolical mess ........ but we will if people do not find out how they are being screwed and then take appropriate action. First step here in Australia is to extend the powers and duration of the Banking Royal Commission. Sign the petition below. Register for updates on our website and join our Facebook page. Then get ready to help push our politicians to do the right thing. We have an election coming up .... and the pollies know they are facing a wipe out.

Piggy-Bank
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Bank Victims Stories Reaching Parliament

Public pressure on politicians does work. Michelle Matheson was a bank victim ... she is now a bank reform activist kicking goals. Michelle has lobbied politicians, supported other bank victims .... and activists. She has now seen her story told in Parliament House. Speaking out is the only way to educate and motivate others to take effective action. For those willing to stand up and stand firm ... we salute you. To those who support bank victims and the fight for Bank Reform ... we thank you.

Support Bank Victims Extend Royal Commission
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NAB & CBA Committed Crimes

Banking Royal Commission exposes NAB and CBA as  committing criminal acts. There is a pattern here. The banks will soon respond and deny they have engaged in criminal actions. What will Commissioner Hayne do about it? Maybe he could ask for more power and time because what has been exposed so far is no surprise at all This is bread and butter banking. There is a depth of criminality that has not been touched. An extended Royal Commission will see his colleagues in law investigated as well as liquidators and other accomplices in deep banking. It won't be pretty.

Coming soon - the BRN Petition to Extend the Royal Commission. Let your local pollies know - the banking royal commission has only scratched the surface  -  it will be an issue at the Australian Election 2019.

NAB-CBA-Crime-Scene
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Turbocharge Banking Royal Commission

In a move sure to get results Senator Fraser Anning is hosting a media event to show all Australians that the banking Royal Commission needs to be enhanced and extended to do the job required. On Tuesday August 14 2018 bank victims and other concerned citizens are coming to Canberra to support his efforts. On the same day he is likely to make his maiden speech. Bank Reform Now hopes the finance sector and the way it is abusing all of us will be featured.

Not-long-enough-Turnbull
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Matt Comyn - Make The Call

The CBA Box Hill Scandal has made news around the world. Debbie Barker has sent an update to BRN. We think that Matt Comyn has no choice but to call the victims and pay them full compensation. And while he's at it .... how about a genuine apology. Oh ... and Mr Comyn should also call our friend Tony Rigg. Don't you think 30 years is a bit long for Tony to wait? What are you waiting for Matt?

Comyn
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Our Farmers Will Be Heard

This coming round of the Royal Commission will reveal many sad stories and the horrific number of cases showing the ruthless and bad behaviour by bankers in the bush. Senator Williams sums it up very well “The stress on families, the marriage breakdowns, the suicides; there’s been a lot of harsh goings-on by the banks for too long and when it ­involves land, farms and breeding herds that have often been in the family for generations, you never get over (being forced off your land),”

Farmer-Phillott-Vs-Banker-Smith
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Will the Swiss vote for financial justice?

It is slowly dawning on people that a secretive and powerful private banking cartel controlling the world's finance system just might not be in the best interests of the bulk of people living in every country on the planet. The Swiss Vollgeld initiative aims to make the financial system safer by stripping banks of the power to create money. It will in effect turn their liquid deposits into "state" or "sovereign" money. This is a critical step in the reform process. Did you know that Aussies will be given the chance to vote for a very similar proposal in 2019?  It just makes no sense to have bankers exploiting powers that rightly belong to the people via their sovereign governments. This article is essential reading. #OzElection19 will give Aussies the chance to top what the Swiss are attempting. See below for how you can help.

Swiss-vote
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Unconscionable Banking Laid Bare

Have you ever wondered why a bank would default you when you've never missed a payment? Or why the bank would sell your confiscated property for much less than market value? Doesn't make sense to sell it cheap and leave you with a debt that could have been significantly reduced if not paid off in full. Well Natasha Keys spills the beans. From a banker's point of view it all makes perfect sense. It's a very dirty business .... as you will see.

Will-Hayne-drain-the -swamp?
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Landmark ANZ Justice?

ANZ CEO Shayne Elliott is not expecting any surprises at the Royal Commission. He feels that almost every aggrieved customer has been remediated. We'll see about that. There is a big difference between what a bank thinks is justice and what really compensates a ripped off client.

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Legal Parasites In Feeding Frenzy

Bankers flout the law every single day right around the world. The story in South Africa is very much the same everywhere. The only way to get justice for all users of bank services is to put  a stop to the abuses of law that enrich lawyers and bankers. The truth is these characters don't deserve champagne lifestyles ..... that are funded by crimes against their customers ..... and our country. Will the Australian Banking Royal Commission expose the truth? It's headed by a very well paid lawyer ..... time will tell.

Hayne-can't-believe-it
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Protect yourself - storm is coming

With government and banker created bubbles likely to pop ... what can you do to protect yourself? The hard truth is that for three decades Aussies have benefited from pure luck. The Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble. Time is just about up. Only genuine reforms can save us .... and it might be too late. Meanwhile some of these tips might help you survive.

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BOQ - Killer Of The Dream

It's not just the Big Four that engage in dodgy dealings. Bank Of Queensland top scores for home loan disputes.

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"The sky is falling" - Aussie banks in a spin over budget bank tax

Bank CEOs will very happily pay this minuscule bank levy .... it it stop a Royal Commission. This article shows how the elite are working against your interests. Lies and threats to scare people. What do you expect bank from CEOs, ratings agencies and market analysts to say? It certainly won't be the truth. The elite want us distracted, confused and frightened. Arguing about Labor or Liberal and this tax or that tax is keeping you right out of the real game. There is an important discussion that needs to be had but it won't happen while you are battling a phony fight in the wrong arena.

Narev-Thorburn-don't-like-levy
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Turnbull's Job At Risk

Turnbull's government could lose a vote in the House of Reps regarding a Royal Commission or Commission of Inquiry into the banks. If he loses the vote he loses the top job and the LNP could be defeated in an election. Turnbull stayed loyal to the banks above his countrymen for just a little bit too long. The lame duck is now a dead duck.

Turnbull-Banker
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Former ALP Qld Premier To Head Bankers' Association

Anna Bligh is now the head of the Australian Bankers’ Association. This tells us all we need to know about how politics works in Australia. Do not expect any politician - particularly one from the big two - to work in your interests .... or even the country's interests. Is there anyone - or any group - that will help drain the swamp in Canberra?

Bligh-ABA-New-Leader
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Farmer putting heat on bankers

"How come a business worth $6.5 million could sell for only $1.55 million? When a bank and liquidator decide to strip a company of value and sell it off in such a way that the borrower loses all equity ... that's how come. In many cases insider mates of bankers, lawyers or receivers buy the property at a bargain price. These are the types of crimes our Prime Minister doesn't care about. There is no excuse. Mr Turnbull .... Bring on a Royal Commission!

Sam-Sciacca
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Bankers in trouble if targets not met

Have you ever suspected that your banker was rewarded for selling you products that were unnecessary, too expensive and not in your interests? Well a new report commissioned by the Australian Bankers Association proves it. The Sedgwick review was designed by the bankers to defuse calls for a Royal Commission. Well it's backfired. Bank insiders spill the beans on the pressure staff are put under to meet sales targets and boost their pay with bonuses and commissions. Commission programs of this nature create perverse incentives and staff are encouraged to act against the interests of clients. Read the full report linked below this article.

Banks-ripping-us-off
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The bankers' money creation scam exposed ..... again.

Professor Werner is pleased the world is waking up to the truth of how money is created, but is very displeased with what he sees as the central bankers’ reaction: the death of cash and the rise of central bank-controlled digital currency. He sounds another warning very much like BRN's - we are heading toward an Orwellian world where all power and wealth is concentrated in the hands of the manipulators of money. A world where democracy is an illusion and politicians serve the interest's of the elite 0.1%.

Central Bank - Crime Scene
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Aussie War Hero's Family Ripped Off

This case demands a review of Perpetual's lending history. Retrospective justice must be visited upon all of the disabled souls deliberately targeted by rogue finance brokers commissioned and encouraged by Perpetual. What sort of country has Australia become? Where rogues can steal without penalty from anyone they target even a war hero such as Sir "Weary" Dunlop.

It gets worse - Geoff Lloyd, the CEO of Perpetual, was recently appointed to Chair the Financial Services Council - the body overseeing Australia’s $2.6 trillion wealth management industry. This is a classic example of how the system is rigged with players in the industry manipulating regulatory agencies and government.

Weary-and-the-boys
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ASIC Hits CBA & NAB ..... With A Xmas Snowflake

ASIC still doesn't get it. If you want to stop the crimes the penalty must be greater than the profit. Any other businessmen engaging in the types of abuses bankers are profiting from in would be jailed. The government, regulators and courts are facilitating these crimes. Political parties get donations. Politicians get jobs in the finance sector upon retirement. This game must be exposed and stopped.

Narev-Pay-Rise-Despite-Scandals
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European Banks In Trouble - Italy

Looking to end a protracted banking crisis that threatens Italy's economy, Prime Minister Paolo Gentiloni has authorised a €20 billion ($29 billion) fund to help lenders in distress - first and foremost Monte dei Paschi. The biggest and oldest banks in the world are failing. The biggest banks are being fined billions. Do you think something is not right with the banking system ..... right around the world?

Monte-dei-Paschi
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European Banks In Trouble - Germany

Banks are being fined tens of billions of dollars in Europe and America. The people who profited from the crimes are not paying a penalty. Shareholders and taxpayers are paying. The world can no longer afford bankers getting away with these predatory and unconscionable business tactics. Banking is organised crime on a grand scale. We will only see reforms when the bankers involved are jailed and stripped of their ill-gotten assets.

Deutsche-Bank-Going-Down
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CBA & NAB admit to shocking behaviour of FOREX Traders

ASIC uncovers shocking abuses in the foreign exchange divisions of both CBA and NAB. The banks are slapped with enforceable undertakings. What does a crooked banker have to do to go to jail? Oh yeah .... they have to steal from the bank rather than the customers. Royal Commission must be called. We will see scandal after scandal revealed because the industry is engaged in criminal activity and more whistleblowers are coming forward every day.

NAB-CBA-ASIC
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Corrupt CBA Bank Executive Jailed

This CBA story has it all. Highest level (so far) bank executive guilty of corruption and jailed. US FBI and SEC join forces with NSW Police to nail the perpetrators.

CBA-Executive-Keith-Hunter-Jailed
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Australia On Trial

John Wilson sounds the warning. Your country's Sovereignty ..... and your freedoms and rights have been stolen. You can still get them back but it will be a battle. The first step is to understand that our freedom depends on important concepts inherited via Magna Carta & Bill of Rights - such as Habeus Corpus and Trail by Jury. Senator Rodney Culleton is battling the High Court right now. He must have a Trial by Jury.

Magna Carta Monument Canberra
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NAB Bitten By Banking Code

Judge lashes National Australia Bank (NAB) for breaching the Code of Banking Practice. The code has contractual force and does give protection to victims of bank misconduct.

National Australia Bank Fails - NAB Corrupt
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Senator Culleton's Outstanding Maiden Speech

Rod Culleton had his world turned upside down when ANZ set out to destroy his livelihood. He fought back and helped other farmers on his way to becoming an Australian Senator in 2016. ANZ and the other banks will be feeling the heat very soon.

The_hunted_becomes_the_hunter
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NAB Robs Blind Farmer

Michael West exposes yet another NAB farmer scandal. How do bankers justify destroying people with "penalty interest rates" of 25%? They can't. They just do it because our politicians and Australian Courts let them.

Australian Banks Destroy Farmers NAB Scandal
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Banking Royal Commission - Needed & Inevitable

An excellent article from Ian. There will be a Royal Commission. A majority of MPs support it in the House of Reps. Very soon the people will rise up to demand and end to dodgy banking practices that are ruining millions of lives in Australia and right around the world.

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NAB's Illegal Monitoring Of Customers Uncovered

NAB is notified when a business banking customer approaches a rival. Privacy breaches a normal part of NAB's business model


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CBA's Actions Will Lead To A Royal Commission

Mark Bishop reminisces about his Senate inquiry into ASIC. Pity he forgets a couple of important points.

CBA-Needs- Royal-Commission
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Royal Commission Is Essential - ASIC Not Adequate

It's been one scandal after another ... decade after decade. Government has failed. The regulators have failed. More money fro ASIC will not help. We need an honest and determined commitment to genuine reform. It is up to citizens to make sure it happens.


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Bank Victims Horror Stories

From Extend RC Parliament Event
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Sen Anning along with bank victims, supporters and...
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