Recent News & Articles
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Jeff Kennett Dumped By NAB VictimsNAB "experiment" fails as bank's victims pull the pin on ex-Victorian Premier Jeff Kennett's role as a mediator. NAB CEO Andrew Thorburn thought it was a good idea at the time. Victims had their doubts but gave the process the benefit of the doubt. Before the Kennett determinations were made the nature of the negotiations had become clear. In a near unanimous decision the victims chose to revert back to dealing directly with NAB executives who have a much better understanding regarding the deep - inner workings of their bank. A great review of the situation from champion journalist Joyce Moullakis - The Australian. |
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Ken Henry Drops The Ball on Q&ABRN CEO Nabs Ken Henry with a simple question on ABC's Q&A Ethics, Accountability and Leadership episode - 26.10.20. He didn't quite get it. Here you can see the video excerpt of Ken's attempt plus an in-depth translation of what Ken was grappling with. Kudos to the Q&A team for highlighting a very important topic. |
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Justice Not Being Delivered Post Hayne RCThe delay, deny, deceive routine has had its day. It's now twelve months since Commissioner Hayne put out his final report on the Banking Royal Commission. It's no secret that banks behave badly. The secret is that despite all the revelations many bankers are still trying to mess with the minds of victims and avoid paying proper compensation. The game playing days are also over. Victims are giving their banks accurate, helpful and informative material and the staffers involved just can't handle it so they ignore it or respond inappropriately. What are they thinking? That we'll forget about it? That we'll give up and go away? That we'll take a token offering to shut up? |
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Sorry - Talk Is Cheap"Sorry" didn't cut it at Westpac's 2019 AGM. Shareholders grilled and heckled Westpac chairman Lindsay Maxsted for more than six hours at the AGM, putting the board on notice that further accountability will be sought. |
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Westpac Didn't Learn From CBA ScandalSomething doesn't add up with Westpac's performance leading up to the Austrac scandal and it's not looking too good after a traumatic AGM. The Australian's Joyce Moullakis reports. |
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Warriors Storm Westpac AGMIt was a very angry group of shareholders that pointed out the Westpac boards gross shortcomings at the 2019 AGM. Nothing like this has been seen since the Foreign Currency Loan / Westpac letters scandal in the early '90s. The bank's lawyers were up to their necks in crooked and unethical conduct then and as far as we can see bank lawyers feel they can get away with anything even now. |
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Banks Too Slow To Compensate VictimsQuestions need to be asked about the state of Australia's banking system. Clearly there is something very wrong when billions of dollars are being set aside to remediate clients who have been ripped off one way or another. The banking model is flawed. It is not designed to provide a meaningful service to customers. Banking is taking far too much of the county's wealth to benefit international elite interests. This powerful article from The Australian's Joyce Moullakis is well worth a read. It will trigger thoughts regarding the nature of the banks' commitment to remediation. A lot of money has been set aside - but how much will actually end up in customers' pockets? |
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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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Aussies take on the banksBBC reporter Phil Mercer helps get the message out. Aussies are up in arms about bank crimes and corruption. The BRN Rally helped bring attention to horror stories of bank abuse like the ANZ and its treatment of farmer Brett Fallon. Aussies are calling for a Royal Commission and compensation to bank victims. |
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Malcolm "anything but a RC" Turnbull opts for a "tribunal."A Banking Royal Commission must be a big worry for Turnbull and the bankers if they are appearing to look at yearly meetings and a tribunal as reasonable alternatives. |
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Dr Brandson's Bank Reform Now Campaign On TrackThe Bank Reform Now campaign building public attention and goodwill in the pre-launch phase. Once a critical mass is reached banks will be put under pressure. |
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White-Collar Criminals Infest Our BanksBankers can deny it all they like. The facts clearly show that conflicted remuneration models will lead to bank clients being ripped off. Reform is called for. The banking and finance system just takes too much away from productive people. An honest banking system is really not as profitable as many people have become accustomed to. |
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NAB Exposed For Predatory Lending ..... AgainAfter years of preparation Dr Peter Brandson is about to launch the Bank Reform Now campaign. Triggered by his experience of NAB and its predatory lending the campaign aims to reform the way banks operate. Initially focusing on NAB the campaign will extend to the whole industry. Banks will no longer get away with fraud and deception. The government will not be able to resist the call for reform. The campaign aims to harness people power in a way seldom seen in Australian politics. |
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NAB Involved In Yet Another Predatory Lending ScandalNAB has proven to be one of the most predatory of the Australian banks. Founder and CEO of Bank Reform Now - Dr Peter Brandson - has created the very first massive co-ordinated campaign against criminal banking practices. "Too many people's lives have been destroyed by dodgy bank behaviour - the government has refused to help us. It is time for the people to take the matter into their own hands." |
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NAB - Named And Shamed In The SenateDespite shocking evidence showing NAB's predatory practices - NAB has refused to face its victims and accusers in the Senate. |
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Bank Reform Now - BeginsYears after NAB used Predatory Lending against Dr Brandson's family Bank Reform Now formed to take on the banks - one at a time. NAB is first. Carmen McIntosh explains why. |
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