Banking Royal Commission could spark a credit crunch that drags down wider economy, UBS analysts say

Banking Royal Commission could spark a credit crunch that drags down wider economy, UBS analysts say

Posted March 24, 2018 05:50:39 Photo: Credit conditions could become far tighter following the banking royal commission. (ABC News: Michael Barnett) It has just been going just two weeks but the royal commission into the banks has had a vastly more material impact than most observers expected. Key points: Tighter …

Commonwealth Bank offered credit card increases to problem gambler | Australia news

The Commonwealth Bank has admitted to offering repeated credit card limit increases to a customer who was begging them to stop because he had a gambling addiction and a $30,000 debt. Michael Harris, a qualified roof tiler, broke down in tears on Thursday at the financial services royal commission when …

Banking royal commission: Commonwealth Bank offered gambler credit card limit increases

Banking royal commission: Commonwealth Bank offered gambler credit card limit increases

Updated March 22, 2018 18:57:46 Video: Gambling addict says CommBank offered him credit limit increases (ABC News) The Commonwealth Bank continued to offer card limit increases to a young man deep in credit card debt after he told them he had a gambling problem. Key points: David Harris racked up …