by Michael West | Dec 30, 2017 | Economy & Markets, Finance & Tax
Surely not another Commonwealth Bank scam: surely not on top of Austrac, Libor rigging, Comminsure and Financial Services Boiler Room Inc. Surely, they are not gaming the regulators by switching customers out of investment property into “owner-occupied”...
by Michael West | Oct 21, 2017 | Despatch, Finance & Tax
Three years after his identity had been stolen and his private banking documents found on the side of the road, Barry Lakeman has been advised by Commonwealth Bank that a review is under way. Originally, the bank suggested to Lakeman that he and his wife were to...
by Michael West | Sep 24, 2017 | Despatch, Finance & Tax, Government
It is the worse kept secret in the business world; that is the impending appointment of former Commonwealth Bank counsel, John O’Sullivan, to head up the corporate regulator. The optics are not good. CBA to the Australian Securities & Investments Commission...
by Michael West | Sep 20, 2017 | Finance & Tax, Government
Too big to fail, too arrogant to accept the law, the Commonwealth Bank would not have been prosecuted except for one man, Paul Jevtovic. We know now how Australia’s biggest bank refused to cooperate with regulators before AUSTRAC called its bluff and sued....
by Michael West | Sep 4, 2017 | Business, Finance & Tax
Barry Lakeman has had a gutful. “I’ve got bone cancer,” says the 59 year old farmer from outback Western Australia. “The chances of pulling through are about 60/40”. Worse, he says, his son is disabled. He has epilepsy and a brain tumor...