Banking News

According to mainstream media, the current economic crisis in Greece is due to the government spending too much money on its people that it went broke. This claim however, is a lie. It was the banks that wrecked the country so oligarchs and international corporations could benefit.

NAB tried to argue that the industry's self-regulatory Banking Code of Practice has no legal effect. Judge lashes NAB's attitude and states the code has contractual force, and that, because NAB breached it, the bank could not recoup $6 million in loan guarantees for a series of failed Gold Coast property investments.

NAB's bad behaviour in Britain raises broader questions about its culture, including its compensation process and complaints handling in Australia.

Four of the country's richest corporate executives have apologised at a Senate inquiry, after reigning over a culture at Australia's biggest banks that allowed unscrupulous financial advisers to peddle risky investments to clients.

Report identifies corrupt monetary system as root cause of financial crises. Iceland may take away the power of private bankers to issue money. Under the so-called Sovereign Money proposal, the country's central bank would become the only creator of money. This is the banking cartels worst nightmare but it must be done.

NAB profits from predatory and unconscionable business practices. Governments know all about it yet refuse to take action. Evan Jones explains the racket.

Senator Sam Dastyari enlists the help of UK Government in battle to clean up NAB.

NAB UK operation just as corrupt as the Australian. Thousands ripped off. Billions could be required in compensation payments.

NAB says it's cleaned up its act after claims of dodgy financial advice but now the bank's victims are coming forward with tragic stories about the impact on their lives.

NAB CEO Andrew Thorburn will have great difficulty selling NAB's scandal ridden UK operation. Toxic loan products have led to massive damages payments to ripped off customers.