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BFCSA: MyState bans 'high risk' off-the-plan property loans. Essentially...
APRA did a secret report in 2005 on valuation standards, warning the risk to ADI’s were to individual properties, not whole suburbs........ MyState bans 'high risk' off-the-plan property loans 2...
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BFCSA: Banks pledge to protect SME borrowers in new code of conduct. What...
Doesn’t take a rocket scientist to know why Bankers love lazy ASIC's fake supervision Banks pledge to protect SME borrowers in new code of conduct 3 February 2017 James Eyres...
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BFCSA: Trump has no intention. Refugees guilty of wanting a better life. Time...
Makes you ashamed to be an Australian...the "we will stop the boats" policy has backfired and refugees are being used like cannon fodder! Trump says they are criminals in prison. They are refugees...
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BFCSA: Westpac closes its own cleverly engineered home loan loophole under...
So what new loophole has been factored in? They never ever close off one without creating another! Westpac closes home loan loophole 31 January 2017 Duncan Hughes...
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BFCSA: Good news for some bank victims of investment advice: CBA expects to...
But Dracula is in charge of the blood bank and is making assessment decisions??? Seriously? Well that will go well………………… CBA expects to pay $23m in compensation for giving poor advice The...
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BFCSA: Greens and Labor to move for Senate inquiry on Centrelink automated...
Greens and Labor to move for Senate inquiry on Centrelink automated debt systems Sydney Morning Herald FEB. 7 2017 - 6:13PM Tom McIlroy, Peter Martin Labor and the Greens are set to force a Senate...
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BFCSA: There's $1 trillion of Australian (TOXIC) mortgages sloshing around in...
There's $1 trillion of Australian mortgages and some now worry of what's next Australian Financial Review Feb 8 2017 7:17 AM Emily Cadman and Chris Bourke (Bloomberg) The Reserve Bank of Australia...
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BFCSA: Australian Liberal government disintegrates - full blown panic stations
Australian Liberal government disintegrates By Houses and Holes in Australian Politics at 7:53 am on February 8, 2017 | 140 comments...
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BFCSA: PM calls Aust Post chairman over CEO pay: hello Ahmed, Mad Mal here!
It goes like this: Malcolm' rings Ahmed and says: "Yours is bigger than mine?" Turnbull needs to get a grip and realise the Royal Commission into Banks is critical for all those who have lost their...
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BFCSA: Mr Harbourside Mansion and Sinkholes in Point Piper!
Well frack me! Sinkhole opens near PM's Sydney mansion 8 February 2017...
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BFCSA: Australia Post CEO Ahmed Fahour's salary unreasonable when compared to...
Australia Post CEO Ahmed Fahour's salary unreasonable when compared to international peers Analysis By political editor Chris Uhlmann Updated 4 minutes agoWed 8 Feb 2017, 3:59pm Video: Australia Post...
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BFCSA: CBA/Bankwest pulls investor lending. Lot more refinancing in 2016!
Major bank subsidiary pulls investor lending deals Annie Kane - Wednesday, 08 February 2017 http://www.theadviser.com.au/breaking-news/35703-major-bank-subsidiary-pulls-investor-lending-deals An...
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BFCSA: Australia’s two-speed housing market: half of the nation’s housing...
Australia’s two-speed housing market By Unconventional Economist in Australian Property at 12:05 am on February 8, 2017 | 35 comments By Leith van Onselen...
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BFCSA: Dementia Patient 98 Years Old - WESTPAC APPROVED The Toxic Loan
https://au.news.yahoo.com/qld/a/34369951/dementia-patient-loan-exposed-scam-court/#page1 A bogus investment scheme unravelled after a key player secured a 30-year mortgage for a 98-year-old woman...
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BFCSA: Genworth just discovered Bad Banks Dirty Time-bomb Lending Secrets
Genworth Mortgage Australia has suffered a steep sell-off, after reporting a 10.9 per cent drop in net profit, hurt by bad loans, a rise in higher-cost insurance claims and less new high loan-to-value...
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BFCSA: ASIC targets Bank vertical integration, product bias in life insurance...
ASIC targets vertical integration, product bias in life insurance submission Sydney Morning Herald FEB. 8 2017 - 9:21AM Georgia Wilkins Financial advisers inside the banks' wealth divisions are...
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BFCSA: Commonwealth Bank clamps down on property investor refinancings. $140...
Commonwealth Bank clamps down on property investor refinancings The Australian 12:00am February 9, 2017 Michael Roddan Commonwealth Bank will be turning away property investor customers of rival...
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BFCSA: Maverick members talk tough on banks full of baloney! We need a full...
Maverick members talk tough on banks The Australian 12:00am February 9, 2017 David Crowe Labor has gained a chance to humiliate the government over the power of the banks, as Queensland MP Bob...
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BFCSA: What Would it Cost a Country to Leave the Euro? That’s What Everyone...
You wouldn’t want to have your money tied up in Australian bank's shonky hydrid bonds! No wonder it’s back to re-financing and securitisation! What Would it Cost a Country to Leave the Euro?...
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BFCSA: Former Westpac banker sentenced to three years for dishonest use of...
Former Westpac banker sentenced to three years for dishonest use of position Sydney Morning Herald FEB. 9 2017 - 4:32PM Clancy Yeates A former Westpac banker has been given a three-year jail sentence...
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