BFCSA: Why CBA 'dropped' Merrill Lynch. Banks blame Brokers again!!! What a...
Why CBA 'dropped' Merrill Lynch Australian Financial Review Jul 9 2017 11:45 PM Tony Boyd David Craig says the low point of his 11-year term as chief financial officer of the country's biggest bank...
View ArticleBFCSA: Advisers quit big banks, Brokers are turning into whistleblowers at last
Advisers quit big banks, AMP as watchdog intensifies scrutiny The Australian 12:00am July 10, 2017 Michael Roddan Financial advisers are deserting the major lenders, voting with their feet as the...
View ArticleBFCSA: One by one the housing bubbles pop: Ireland, Spain, UK, US, Canada…
One by one the housing bubbles pop: Ireland, Spain, UK, US, Canada… By Houses and Holes in Australian Property at 12:20 am on July 10, 2017 | 69 comments 10 July 2017...
View ArticleBFCSA: Westpac backs out of home equity and Interest Only Loans
Westpac backs out of home equity By Houses and Holes in Australian Property at 12:18 pm on July 10, 2017 | 20 comments https://www.macrobusiness.com.au/2017/07/westpac-backs-home-equity/ Via AFR:...
View ArticleBFCSA: Banking Industry awash with Toxic Interest Only Mortgages and Bad Lending
The ‘sub-prime’ market is back in business The industry is terrified of using those words, but the fact is people bankrupt just a year ago can now get a mortgage 8 July 2017...
View ArticleBFCSA: Westpac ditches mortgage products in major product review
Westpac ditches mortgage products in major product review Australian Financial Review Jul 10 2017 10:29 PM Duncan Hughes Westpac, the nation's second largest mortgage lender, is ditching mortgage and...
View ArticleBFCSA: Australia's BANKING Sub Prime Scandal: Open letter to PRIME MINISTER...
From BFCSA Member. Open letter to PRIME MINISTER Malcolm Turnbull: Banking Sub Prime Scandal. Dear Prime Minister, I am writing to publicly ask you to right an enormous injustice which has...
View ArticleBFCSA: Australian Financial Innovation re currency creates looming pressure...
Wave of money points to looming pressure on RBA to lift rates The Australian 12:00am July 12, 2017 Adam Creighton A wave of inflation is about to wash over Australia, compelling the Reserve Bank to...
View ArticleBFCSA: THE CBA BIG STING - CBA SYSTEMIC breaches of trust on 60Mins
BFCSA: THE CBA BIG STING - CBA SYSTEMIC breaches of trust on 60Mins The CBA have been accused of one of the most serious systemic breaches of trust imaginable. They have been accused of forcing...
View ArticleBFCSA: Crime gangs targeting Australian financial markets: No Enforcement of...
Crime gangs targeting financial markets The Australian 12:00am July 12, 2017 David Uren Criminal syndicates, many based in China and Hong Kong, are infiltrating Australia’s financial markets, with...
View ArticleBFCSA: Bank staff ‘overlook criminal activity to keep clients’ business’
Bank staff ‘overlook criminal activity to keep clients’ business’ The Australian 12:00am July 13, 2017 Sam Buckingham-Jones Traders and advisers from Australian banks and other financial institutions...
View ArticleBFCSA: Australia popular “place of choice” for property money laundering and...
ANZ: Australia “place of choice” for property money laundering By Unconventional Economist in Australian Property at 12:15 am on July 13, 2017 | 3 comments...
View ArticleBFCSA: APRA could get powers to fire bankers without court process
APRA could get powers to fire bankers without court process The Australian 12:00am July 14, 2017 Michael Roddan MESSAGE TO MINISTER IN A MUDDLE O'DWYER: This issue is NOT about "Bad Bank Behaviour –...
View ArticleBFCSA: Turnbull’s meetings should be classed as secret Lib business? Where is...
Turnbull’s meetings ‘should be classed as secret Lib business’ The Australian 12:00am July 15, 2017 Sean Parnell Meetings that Malcolm Turnbull held with cabinet ministers should be deemed Liberal...
View ArticleBFCSA Senators to hear evidence from Denise Brailey re Banks at the Roberts...
The Senate Select Committee on Lending to Primary Production Customers will be holding a public hearing in Perth on Wednesday, 19 July 2017. The committee wishes to invite you to give evidence at the...
View ArticleBFCSA: Morrison has lost the plot by suggesting Shadow banking!!! 85% TOXIC...
Spotlight shines on shadow banking The Australian 12:00am July 17, 2017 Michael Roddan Tough new powers for the prudential regulator to target the shadow finance sector will allow it to slap new...
View ArticleBFCSA: Banks told to sign up to forex Global Code or be shunned
Banks told to sign up to forex deal or be shunned The Australian 12:00am July 17, 2017 David Rogers, Andrew White Banks that fail to sign up to a new global code of conduct for the...
View ArticleBFCSA: Time to Clean Up the Swamp known as Australian Banking. Start with...
Roy Lavis is a decent hardworking Aussie bloke and a real life hero. Why? He stood up to the Thieves who inhabit the upper floors of the Commonwealth Bank. "Narev Nofriends" sits in his luxurious...
View ArticleBFCSA: Denise Brailey to give evidence to Senate Inquiry into lending - Farmers
DENISE BRAILEY to give evidence to Senators Inquiry re Lending to Primary Production Customers. 10.55 - 11.40am Weds 19th July at Mecure Hotel, 10 Irwin Street, Perth. Rodney Culleton on at...
View ArticleBFCSA: Corporate Australia not impressed by PM Turnbull
Malcolm Turnbull clashes with corporate Australia Australian Financial Review Jul 18 2017 11:30 PM Phillip Coorey EXCLUSIVE The Turnbull government's strained relationship with corporate Australia...
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