Banking royal commission: Commissioner open to find lending breaches but cautioned not to increase restrictions

Banking royal commission: Commissioner open to find lending breaches but cautioned not to increase restrictions

Updated June 01, 2018 22:41:36 The banking royal commission has wrapped up its latest round, with senior assisting counsel Michael Hodge QC telling the hearing commissioner Kenneth Hayne is open to find numerous breaches by the banks in their lending to small businesses. However, Mr Hodge emphasised that extra obligations …

Banking royal commission: Counsel open to find lending breaches but cautions not to increase restrictions

Banking royal commission: Counsel open to find lending breaches but cautions not to increase restrictions

Updated June 01, 2018 21:15:28 The banking royal commission has wrapped up its latest round of hearings, with senior assisting counsel Michael Hodge QC telling commissioner Kenneth Hayne he is open to find numerous breaches by the banks in their lending to small businesses. However, Mr Hodge emphasised that extra …

Banking royal commission hears small business loan complaints

Banking royal commission hears small business loan complaints

Updated May 31, 2018 16:42:42 The financial services royal commission has heard Suncorp may still have some unfair contract terms in its dealings with small businesses around 18 months after they were banned. The commission also heard National Australia Bank insisted on taking the proceeds of a business customer’s home …

New privacy fence to hide Royal Adelaide Hospital patients from carpark and Port Road

New privacy fence to hide Royal Adelaide Hospital patients from carpark and Port Road

Updated May 31, 2018 19:58:16 Temporary fencing will be erected outside the ambulance entrance at Royal Adelaide Hospital to shield patients being treated by officers from public view. The $2.4 billion hospital has been beset by regular occurrences of “ambulance ramping”, which occurs when there is no emergency bed available …

Banking royal commission: Suncorp admits to failings on small business contracts | Australia news

Suncorp has admitted it has failed to complete a review of its standard small business contracts to see if they comply with new unfair contract laws, despite a request from the corporate regulator to do so in 2016. It also conceded it has failed to tell its small business customers …

Banking royal commission sparks more complaints to ASIC over finance misconduct

Banking royal commission sparks more complaints to ASIC over finance misconduct

Updated May 31, 2018 06:21:18 The banking royal commission has unleashed a deluge of fresh complaints and admissions about misconduct in the finance sector, the corporate regulator has revealed. Customer complaints about banks to the Australian Securities and Investments Commission (ASIC) are up almost 20 per cent in the year …

Seniors living at Royal Darwin Hospital for almost a year amid long nursing home waitlists

Seniors living at Royal Darwin Hospital for almost a year amid long nursing home waitlists

Updated May 30, 2018 18:08:11 Photo: Eileen Farrar had a stroke in July 2017 and has been in the Royal Darwin Hospital ever since. (ABC Radio Darwin: Jesse Thompson) Related Story: Darwin hospital staff ‘heroic’ while overcrowding at crisis point, AMA says Related Story: Darwin aged care facility sanctioned over …

Banking royal commission continues small business loan hearings

Banking royal commission continues small business loan hearings

Posted May 30, 2018 09:55:17 The Commonwealth Bank continues to be in the spotlight for its handling of business loans lent by subsidiary Bankwest and subsequently called in, sending many small and medium-sized firms and their owners into bankruptcy. CBA’s chief risk officer David Cohen is the most senior bank …

Banking Royal Commission told Bankwest ‘cash grab’ sent Hobart businessman bankrupt

Banking Royal Commission told Bankwest ‘cash grab’ sent Hobart businessman bankrupt

Updated May 29, 2018 15:55:37 Photo: Developer Michael Doherty says he was sent bankrupt by rates and fees. (AAP: Tracey Nearmy) Related Story: Hadleys Hotel calls in receivers Tasmanian hotel developer Michael Doherty has told the banking royal commission crippling fees charged by Bankwest helped bring down his business. In …

Banking royal commission hears of Bankwest’s unfair business lending

Banking royal commission hears of Bankwest’s unfair business lending

Posted May 29, 2018 09:41:28 The banking royal commission is continuing its focus on small and medium business lending, looking at unfair, unilateral changes to borrowers’ loan conditions by Commonwealth Bank subsidiary Bankwest. Follow the live blog for the latest evidence and analysis. Topics: banking, royal-commissions, small-business, australia Source link