Categories
Finance

Banks Policing Morals

Why are our banks acting as morality police and corporate virtue signalling?

Categories
Finance

Westpac Accused Of Money Laundering

Westpac has been accused of money laundering. Yep, we really need that cash ban.

Categories
Economy Finance

Banks Prepare for Negative Rates

Banks are beginning to prepare for negative interest rates by exploring the implications on their IT infrastructure.

Categories
Economy Finance Recession

Banks Selling Debt

Banks are changing the way they are selling debt to collection agencies.

Categories
Economy Finance

Mortgage Arrears Soar

RealEstate #Mortgages #HeiseSays Arrear rates are at the highest level they have been in a decade, with WA taking the lead. References https://www.rba.gov.au/speeches/2019/sp-dg-2019-11-15.html

Categories
Cash Ban Finance

Reducing the Cash ban to $2000

#CashBan #Treasury #HeiseSays The multinational firm KPMG has called for the cash payment limit to be reduced to $2000. Let’s look at their submission to treasure and remind ourselves why this is an attack on our liberties. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 More Treasury Cash Ban Tricks – KPMG […]

Categories
Economy Finance

Warnings for the Australian Economy

#Economy #Australia #HeiseSays Successful investor Dr El-Erian has some concerns about the future for the Australian Economy. References When Mohamed El-Erian speaks, Wall Street listens — and he says a crash is coming https://www.abc.net.au/news/2019-11-13/crash-is-coming-says-influential-investor-mohamed-el-erian/11700696?section=business

Categories
Economy Finance

Plans to Crash the Australian Dollar

#Finances #AUD #HeiseSays The argument is being made that the RBA hoping a fall in the Australian Dollar will increase employment and wages, I am concerned that increases in the cost of living will have a greater impact on average Australians. References Will a lower dollar bail out the economy, raise wages and lower unemployment? […]

Categories
Finance

Banks Freeze Accounts

#Finances #Banks #HeiseSays Banks are acting as moral police and freezing accounts and banning clients. References Bank of Queensland ‘reviewing’ no tattoo parlour policy after Gold Coast artist’s accounts frozen https://www.news.com.au/finance/business/banking/bank-of-queensland-reviewing-no-tattoo-parlour-policy-after-gold-coast-artists-accounts-frozen/news-story/dd0dc298ff50601bd062af681b0a6541

Categories
Economy Finance

NAB Profit Plunges

#NAB #Banking #HeiseSays NAB profits plunge. References https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/fy19-investor-presentation.pdf ‘Disappointing’: NAB profits tumble 10.6 per cent, executives miss out on bonuseshttps://www.smh.com.au/business/banking-and-finance/nab-profits-tumble-10-6-per-cent-as-customer-compensation-costs-bite-20191107-p5385q.html