Recent News & Articles
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Two Heads Down At NABBank chairman resigns, along with chief executive Andrew Thorburn, after heavy criticism in the royal commission report .. and The Guardians international readership has been informed. Great work from Paul Karp. |
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Royal Commission Has Much More To DoVictims of misconduct say the royal commission has only just begun the work of exposing problems in the financial system. The Guardian's Martin Farrer and Gareth Hutchens look at why the Hayne Royal Commission just hasn't done the job required. They interview several advocates for reform including BRN's Dr B. Also - available to download the BRN 10 Reasons The RC Needs turbocharging. |
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CBA Admits FailuresAll the MPs interviewing Matt Comyn have done a magnificent job. BRN gives kudos to each and every one of them. This article from the AFR's James Eyers is a beaut - kudos to James too. Matt Comyn has work to do. Victims of bank crimes are now organised. We are not going away. The only measure we have is the way banks remediate aggrieved customers and how they act to prevent crimes and misconduct in the future. The environment has now changed. Banks, their directors and their CEOs need to recognise that and change the way they are doing business. The people want an honest financial service system .... we are not here to be fleeced. |
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Banks Should Fund Victim's Legal CostsAngry victims of financial misconduct are calling for a bank-funded legal aid service as they struggle to match the legal power of the big banks. Michael Sanderson has campaigned with great tenacity and determination. He met with and contacted a huge number of politicians in Canberra to show them that effective legal aid was not only doable .... it is essential. Journalist Eryk Bagshaw recognised a good idea when he heard it. Many politicians have also heard the call. At the October meeting in Canberra the bank CEOs will also hear about that and other elements of justice heading their way. |
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Thorburn Displays More Than Poor JudgementIt is not just lack of judgement and poor governance in his own office. Rosemary Rogers also worked in Cameron Clyne's office. The real issue is this - if the CEO could not see crimes and misconduct in their own office it is not surprising that they may not have seen criminal cells working in the bank right around the country. We gave Mr Thorburn evidence of these crimes in October last year. He tried to cover it up with a dodgy mediation process ..... he will be looking for work very soon. |
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Sham Bank Royal Commission About To Be ExposedA beaut article summarising the possible findings of the Hayne banking Royal Commission. Well done Karen Maley from the AFR. Well worth a read but check out the BRN kicker at the end. All is not as it seems. For years both major parties allowed crime and corruption to fester in finance. It is time for bold new ideas. |
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Rowena Orr QC Has Been InformedCBA survivor, warrior and BRN friend Rory O'Brien makes the case ....... for some inexplicable reason the Royal Commission is covering up the CBA / Bankwest heist. BRN says that respect is earned. Judges and politicians do not deserves any respect (or votes) if they protect criminals in the finance sector. The RC and now QC Rowena Orr have been told .... they remain on the hook .... and will remain so until a proper investigation is completed. Read this powerful letter sent to Rowena Orr QC. |
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World Sees Australian Banks ExposedAussie bank misconduct revealed by the light-touch Hayne inquiry is still so shocking that politicians, bankers and regulators will never be able to go back to the good old days of rampant fleecing and misbehavior. Great report from Reuters' Byron Kaye. |
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NAB Using Ex-Victorian Premier To Compensate VictimsThe bank warriors have made their powerful presence felt at another bank AGM - this time at NAB's. Fireworks were seen with shareholders more than angry. Billions have been destroyed by poorly performing bankers who still demand big money for shocking conduct. Craig Caulfield initiated and co-ordinated the warrior's AGM action. He and the other warriors are champs in the battle for justice. Here reporter Joyce Moullakis explains what NAB is trying to do with the help of Jeff Kennett. |
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NAB's Ken Henry In The DockWell, well, well - another great bank warrior ... Rowena Orr QC - has had her hands full today at the Royal Commission. She has been dissecting an insider. Ken Henry made it very clear that he doesn't appreciate being questioned. Rowena Orr was not copping the attitude. Here are some key points from James Thomson. |
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CBA Pressures Customer With A ComplaintCanberra man Neil Hermes reports being intimidated by CBA staff less than three hours after he told them he had submitted evidence of his dealings with the bank to the Royal Commission. The staffer that did that is living in the old days. Banks must change. The ones that don't will be left behind. Neil was a CBA Bankwest victim. The Royal Commission has let him down so far. It must be extended and really sort out the Bankwest scandal. |
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People Power - Bank AGMs - Round 1HOT OFF THE PRESS - Craig Caulfield has been battling to get justice from the Commonwealth Bank of Australia (CBA) for nine years. He has just sent us his latest on the first bank - CBA - to feel the power of the people during the AGM phase of the campaign. There are other banking events over the next few weeks. Join in. Here is what Craig had to say - |
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NAB Banker GuiltyThis NAB story is very interesting. Spot the difference - A banker rips off the bank and is quick smart reported to police - pleads guilty in court - and most likely will be jailed. A banker rips off a client ..... well you know how it used to end. But not anymore. We are now in a changed environment. Reforms are brewing that will see bankers heavily fined and jailed ..... and their victims fully compensated. Bankers that do not accept the new reality will be at very high risk of losing their jobs and bonuses .... at best. At worst ..... do not pass go ..... you know exactly where you will be heading. Any banker knowingly covering up serious crimes and misconduct will be held accountable. |
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CBA Victims Corner CEOSelwyn Krepp and Bob Bourne know how ruthless bankers and their lawyers can be. Both victims of CBA - they took the opportunity to meet with CEO Matt Comyn in Canberra .... right after the Economics Committee finished grilling him. BRN suspects Mr Comyn now has a much better understanding of the situation bank victims face. There is not much worse than losing you home, business and job thanks to bank misbehaviour. |
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ANZ in the dock - Big4 Banks ReviewHansard Transcript - The Treasurer has asked the Standing Committee on Economics to inquire into and report on a Review of Australia's Four Major Banks. This is ANZ's appearance at the fourth review. Members of the BRN team were in attendance to bear witness. The MPs on the committee did a magnificent job. The CEOs were not able to bluff their way out of being accountable. We have saved the transcript here for you. |
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Westpac in the dock - Big4 Banks ReviewHansard Transcript - The Treasurer has asked the Standing Committee on Economics to inquire into and report on a Review of Australia's Four Major Banks. This is Westpac's appearance at the fourth review. Members of the BRN team were in attendance to bear witness. The MPs on the committee did a magnificent job. The CEOs were not able to bluff their way out of being accountable. We have saved the transcript here for you. |
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CBA In The Dock - Big4 Banks ReviewHansard Transcript - The Treasurer has asked the Standing Committee on Economics to inquire into and report on a Review of Australia's Four Major Banks. This is the Commonwealth Bank of Australia (CBA) appearance at the fourth review. Members of the Bank Reform Now team were in attendance to bear witness. |
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Frydenberg Sees The LightPublic pressure works. Scott Morrison and Josh Frydenberg have been contacted many times about bank crimes. They both have been given case histories. They know have no chance of winning back public trust unless they extend the Royal Commission. Bankers and regulators must be held accountable and victims must be compensated. It's a no-brainer. Josh Frydenberg must contact Bill Shorten and arrange bipartisan support for an extension .... now. |
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Corruption Is Baked Into BankingBankers have a well-oiled operation which has enriched and protected them. Henchmen in law, politics and the regulatory system have all played an essential role in enabling corruption in the banking and finance sector. |
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Bankers Prosper While We SufferJohn Quiggin nails it - the financial system is fundamentally flawed. It is used as a tool to siphon the wealth of the people and the nation into the hands of the elite. We don't have to wait until the next crash to fix this diabolical mess ........ but we will if people do not find out how they are being screwed and then take appropriate action. First step here in Australia is to extend the powers and duration of the Banking Royal Commission. Sign the petition below. Register for updates on our website and join our Facebook page. Then get ready to help push our politicians to do the right thing. We have an election coming up .... and the pollies know they are facing a wipe out. |
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Bank Victims Stories Reaching ParliamentPublic pressure on politicians does work. Michelle Matheson was a bank victim ... she is now a bank reform activist kicking goals. Michelle has lobbied politicians, supported other bank victims .... and activists. She has now seen her story told in Parliament House. Speaking out is the only way to educate and motivate others to take effective action. For those willing to stand up and stand firm ... we salute you. To those who support bank victims and the fight for Bank Reform ... we thank you. |
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NAB & CBA Committed CrimesBanking Royal Commission exposes NAB and CBA as committing criminal acts. There is a pattern here. The banks will soon respond and deny they have engaged in criminal actions. What will Commissioner Hayne do about it? Maybe he could ask for more power and time because what has been exposed so far is no surprise at all This is bread and butter banking. There is a depth of criminality that has not been touched. An extended Royal Commission will see his colleagues in law investigated as well as liquidators and other accomplices in deep banking. It won't be pretty. |
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Scott Morrison Not Shocked By Bank CrimesThese two emails show you what we are dealing with. The first to the Prime Minister makes it clear about the crimes that are being covered up by the Hayne Royal Commission. The response which arrived three months later on the eve of the Hayne report is a form letter which makes no mention of the key issues needing attention. |
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Bank victims must be compensatedThe Banking Royal Commission and many other inquiries have proven that many people and businesses have been damaged by unconscionable crimes and misconduct. Rory O'Brien nails it - it's a disgrace that remediation is apparently a low priority as far as the government and Commissioner Hayne are concerned. |
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Vote 1 - Pollies that serve the countryTrigger Warning - Harsh truth content ahead. Lies and other forms of propaganda aim to hide the shocking truth .... we are all being fleeced by a system that serves the elite. Our major parties work in the interests of the elite ... not voters and citizens. Election 2019 is when we can reset the system. Will you help? |
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NAB Bank - Grilled Or Toasted?Mr Andrew Thorburn (NAB Bank CEO) made some very significant comments at his appearance in front of the House Economics Committee at the annual Big4 Banks review. Bank Reform Now provide some critical excerpts in this article. First, there are four cases the MPs were very concerned about seeing investigated and satisfactorily resolved - Rita Troiani (Wide Bay Bricks), Faye Andrews, Bill Mott and the Furneaux case. |
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Bank CEOs Face Tough Questions At ParliamentThe House of Representatives Economics Committee will have to ask some tough questions now that the Hayne financial services Royal Commission has exposed some shocking abuses by the banks. And still .... it's just the tip of the iceberg. |
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What Can I Do? Banking RCBank warriors and concerned citizens. Right now is the time to unite with a single, powerful voice. The next few weeks are critical if we want to see an extended and more powerful Banking Royal Commission. Bank Reform Now is asking YOU to help wake the "Sleeping Giant" - our friends and families - the wonderful people of Australia. |
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10 years since GFC. What now?In the ten years since the Global Financial Crisis (GFC) - have governments done enough to reform the system? The horrific succession of scandals since then suggests not. Is the next GFC on its way? |
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ALP Now Supports Extended Banking RCBill Shorten has now publicly called for a turbocharged, longer and stronger Banking Royal Commission. He wants the whole crooked box and dice exposed. He wants bank victims properly heard. He didn't mention compensation, but he will. |
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People Power CAN Turn Parliament AroundThe Banking Royal Commission and the recent political turmoil in Canberra have changed the environment we are dealing with. Up to now, the elite could rip us off with government support. This article shows what happens when ordinary Australian people wake up to how they are being abused and to the fact that they have the power to stop it. |
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Ringmaster Turnbull Falling Off The BallA big thank you to Tony Abbott, Malcolm Turnbull, Peter Dutton and ..... Bill Shorten. Together you have insured the end of the two party dictatorship. If you thought the 2016 election was rough ...... your parties will be lucky to get primary votes above 25%. Aussies have had a gut full of corruption, crumby policy and big egos wrecking our country and abusing our people. |
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Yellow Vests In AustraliaBank Reform Now CEO launches Yellow Vest Sydney gathering with powerful speech that spills the beans that the elite and their pollies don't want you to know about. The Yellow Vest movement's first Australian rallies began on Saturday the 19th of January 2019. While we have been inspired by the French movement Aussies are doing it their way. Peaceful gatherings to show the government we are sick of business as usual. For decades both major parties have worked against the people's interests. Just like BRN, the Yellow Vests want to bring power back to the people. They want to stop the elite controlling governments in order to facilitate their continuous fleecing of the people and country. Citizen Initiated Referendum is the only official policy they are pushing for. |
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Yellow Vest Peaceful Protests Coming SoonFrance started it - and now the Yellow Vest movement is launching in Australia. Various Aussie groups have decided to work together peacefully to bring to Australia the one key goal of the Yellow Vests - Citizen Initiated Referendum. The key to bringing the power of democracy back to the people. If it's good enough for the Swiss it's good enough for all of us. |
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Banks Hide Genuine Remediation FormulaThe old bank routine of Deny - Delay - Deceive no longer works. It has been flattened by Evidence - Logic - Facts - according to Bank Reform Now CEO Dr Peter Brandson. Now bankers accept remediation payments are to be paid but many want to diddle victims once again. BRN reveals today the formula for remediation that the banks don't want you to know about. Study it and spread it around. Proper remediation puts a bank client into the position they would be enjoying if the crime had not been committed. |
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Marginal Seat Candidates Must Step UpPeople power ramps up to save our democracy and country. For too long both major parties have allowed the finance sector to engage in misconduct and crime. The 2019 election is our best chance to change banking and politics. We encourage you to only vote for candidates that support good policy. The first test? We want all politicians to support a longer and stronger Banking Royal Commission. Commissioner Hayne has ignored too much of the most serious abuses. Now we will make sure Scott Morrison supports us by getting the LNP marginal seat candidates on side. Here's how we can all do it. |
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Action On MPsMichael Sanderson has had a very productive week in Canberra. The politicians or advisors he met with were genuinely interested and impressed with his call for a bank funded legal aid system. There are many other politicians who are yet to respond to his invitation. The calls for justice are getting louder. We would like you to call Canberra today - details below. We understand that it may be hard to make time in some cases but only a few minutes are required. Pollies that don't respond positively to an extended Royal Commission and the Equality of Arms issue really will have a hard time justifying their place in Canberra. |
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Banking Royal Commission Update - September 2018Bank Reform Now (BRN) and our friends have been working towards a powerful Banking Royal Commission in Australia for over 5 years. For decades both major Australian Political parties ignored calls for a proper investigation into bank misconduct. The banks continued ripping off clients and thanks to government and regulatory inaction avoided serious reforms and payment of proper compensation to bank victims. |
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NAB In The Dock - Big4 Banks ReviewHansard Transcript - The Treasurer has asked the Standing Committee on Economics to inquire into and report on a Review of Australia's Four Major Banks. This is the National Australia Bank's (NAB) appearance at the fourth review. Members of the Bank Reform Now team were in attendance to bear witness. |
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Banking RC Activism Pays OffBRN has worked with Michael Sanderson, helping him see a good proportion of our politicians. He was well received and the message has been heard. The people want a proper RC and a fit for purpose legal aid system. Will our representatives respond appropriately? The next sitting weeks will show us. |
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