Banking News

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.

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.

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.

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

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.

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.

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?

"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!

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.

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%.