Banking News

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.