A- A A+

'Unethical' banks under scrutiny as royal commission returns

Clancy Yeates & Cara Waters |  21 May 2018  |  News

Senior conservative figures have criticised the big banks for their aggressive treatment of some small businesses, with the royal commission expected to reveal more examples of irresponsible lending and harsh loan enforcement this week.

Business lending and the policing of loans will be the focus of the next round of the financial services royal commission in Melbourne. Senior counsel assisting the commission Rowena Orr and Michael Hodge are likely to focus on the impact of overzealous lending and enforcement when customers provided guarantees involving their property and other assets.


Submit a comment

Word Count: 0


Quick Poll

Which stock will rank best


Similar articles from News

Budget 2018: Tax cuts for 10 million workers

David Crowe. 08/05/2018.

A tax cut for 10 million workers will start on July 1 under a Turnbull government plan to win back middle Australia and prepare for an election, setti..

AMP is still in a world of trouble

Adele Ferguson. 08/05/2018.

David Murray may be AMP's new chairman, but come May 10 the company will suffer more embarrassment when it receives a first strike and three directors..