Why are our banks acting as morality police and corporate virtue signalling?
Westpac has been accused of money laundering. Yep, we really need that cash ban.
Banks are beginning to prepare for negative interest rates by exploring the implications on their IT infrastructure.
Banks are changing the way they are selling debt to collection agencies.
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
#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 […]
#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
#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? […]
#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
#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