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BFCSA: NAB, Clydesdale face lawsuit over tailored business loans

The NAB tailors are expert at dishonesty and fraud!  Tsunami of Claims and Payouts   NAB, Clydesdale face lawsuit over tailored business loans Clancy Yeates 22 December 2017...

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BFCSA: CBA had activities in South Africa to transfer money... 141 Banking...

CBA had activities in South Africa to transfer money...   Fraud on the Board!.....Now see list below...  The doozy on bank misdeed list.... 97.Hiding failed loans in the Commercial Real Estate...

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BFCSA: Ruling opens accounting firm PWC to hundreds of millions of dollars in...

Now its PWC being sued.....read the gems below in yellow from the PWC audit done for CBA/Bankwest in 2014....half baked audits done on CRAP (and missing) data and not necessarily financial data???...

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BFCSA: Banking royal commission to examine 'limited’ compensation scheme of...

Banking royal commission to examine 'limited’ compensation scheme of last resort for bad advice Dec 28 2017 at 11:50 AM Updated Dec 28 2017 at 1:45 PM...

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BFCSA: Farmers shafted by Bank appointed Receivers. This carnage has stop!!

Massive bill leaves Kondinin farmer with just $3 Exclusive, Shane Wright Wednesday, 27 December 2017 7:30AMhttps://thewest.com.au/news/wa/massive-bill-leaves-kondinin-farmer-with-just-3-ng-b88697688z A...

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BFCSA: Huge slap in the face for vulture funds in Ireland: US owned Vulture...

'Massive blow' to vulture funds as home repossessions halted due to arrears miscalculations Tanager admits incorrectly calculating home loan repayments Charlie Weston 4th January   IRISH INDEPENDENT...

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BFCSA: Royal Commissioner Hayne has yet to reveal the website and start date

Banking royal commission: Kenneth Hayne adds mortgage brokers to hit list James Frost  19th Dec, 2017Read more:...

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BFCSA: Another idiotic housing affordability “solution” emerges

Highrise Harry must be lobbying hard...............There is a complete glut of homes and no buyers.  Ordinary people (thats most of us) cannot afford to buy  a home of our own and others are losing...

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BFCSA: Joe Hockey and the Reserve Bank: no such thing as a free $8.8 billion....

Joe Hockey and the Reserve Bank: no such thing as a free $8.8 billion Posted by Michael West | Jan 9, 2018...

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BFCSA: ASIC Propaganda - they say they follow the data to expose lenders and...

ASIC follows the data to expose lenders and insurers The Australian 12:00am January 3, 2018 Richard Gluyas   ASIC is deploying its vast data-collection and analytics capability showcased in last year’s...

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BFCSA: Westpac’s wealth arm BT targets self-managed super funds. Scary Indeed

Westpac’s wealth arm BT targets self-managed super funds The Australian 12:00am January 3, 2018 Michael Roddan   Westpac, the only major bank not to completely or partially divest its wealth management...

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BFCSA: Financial tech push: Big four banks to cut 20,000 jobs, experts...

Financial tech push: Big four banks to cut 20,000 jobs, experts predict Australian Financial Review Jan 2 2018 11:00 PM James Frost   The big four banks are set to accelerate plans to thin the ranks of...

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BFCSA: The bubble has FINALLY burst! House prices fall in Australia's biggest...

The bubble has FINALLY burst! House prices fall in Australia's biggest cities and more declines are tipped  Daily Mail Australia 2 January 2018 Stephen Johnson   Sydney and Melbourne property prices...

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BFCSA: Banking Royal Commission could be distracted by disaffected borrowers

Banking royal commission could be distracted by disaffected borrowers Australian Financial ReviewJan 3 2018 11:00 PM James Thomson   Small business and family enterprise Ombudsman Kate Carnell says...

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BFCSA: INTEREST ONLY LOANS a real killer. Switch to P & I will likely cost...

Morgan Stanley: Expect more declining prices this year yourmortgage.com.au 12 Jan 2018 Michael Mata   APRA STATS are rubbish!  Do not trust the regulators to tell us all the truth!  Australians should...

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BFCSA: Super plan to fast-track deposit for first-home buyers by putting an...

Super plan to fast-track deposit for first-home buyers The Australian 12:00am January 12, 2018 Glenda Korporaal   Australians can boost their first-home savings by putting an extra $30,000 each, or...

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BFCSA: Former ASIC D’Aloisio put CBA Billion $$Term Deposit Scam on HOLD! Its...

D’Aloisio shelved CBA term- inquiry The Australian 12:00am January 8, 2018 Ben Butler   The corporate watchdog put a four-year investigation into a ­billion-dollar term deposit scam allegedly...

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BFCSA: Record debt threatens economy. Loans in default for 4 years!!! LOCs,...

Record debt threatens economy The Australian 12:00am January 8, 2018 David Uren  LOCs, Top-Ups, Buffer loans, PLs and Cr Cds pile on extra DEBT.  The 1% arrears rate is nonsense!!!  The payments are...

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BFCSA: LIBs Lied to the people re Negative Gearing. Time for a dose of the...

Government negative gearing claims contradicted by official advice, FOI reveals ABC News8 January 2018 Dan Conifer, Michael McKinnon   EXCLUSIVE: Federal Labor's negative gearing overhaul would likely...

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BFCSA: Households Under The Mortgage Stress Gun In December

Households Under The Mortgage Stress Gun In December Digital Finance Analytics(blog) 3 Jan. 2018 Martin North   Digital Finance Analytics has released the December mortgage stress and default analysis...

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