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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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BFCSA: Westpac Gail Kelly retires at start of G20 - no mention of mass fraud and forgery in approved loans?

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Does this mean the new CEO Brian Hartzer will continue the fraud processing of loans" or put an end to it? Will they pay out Compensation to its thousands of victims?   Will Hartzer agree to copies of Loan Applictaion Forms being handed to applicants at the point of signing consistent with consumer protection laws: ie contract law?  Will the wretchedly biased EDR's like FOS and COSL now be out of work because Mrs Kelly has stepped down?  Its unlikely consumers of mortgages will trust the Bank to investigate itself over criminal behavior inside the bank.  Close to 3200 people have signed out petition to David Murray's 'independent' Inquiry into the Banking System for a Royal Commissiion on www.change.org We are begging for a Royal Commission into the four major banks and its regulators.

These are the same dirty products being sold by St George Bank 2001 - 2008. It seems crime pays!   Hmmmmmmmmmmmm  This email address is being protected from spambots. You need JavaScript enabled to view it.

https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-royal-commission-into-australian-banks-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners

New chief for major bank

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by Adam Smith | 13 Nov 2014
 
A major bank has announced a new CEO after its current chief's retirement announcement.

Westpac chief Gail Kelly has announced her retirement this morning, saying she will step down on 1 February. Westpac chairman Lindsay Maxsted praised Kelly's work with the bank.

"Gail is one of Australia's most successful CEOs.  She was appointed as the Global Financial Crisis was unfolding and her leadership and dedication has seen Westpac emerge a stronger and better company. During her tenure the value of the company has more than doubled, with market capitalisation increasing from just under $50 billion to around $104 billion."

Maxsted also pointed to Kelly's role in the bank's merger with St. George.

The board has appointed retail banking exec Brian Hartzer as its new CEO. Hartzer is currently the chief executive of Australian Financial Services foor the group.

"I'm delighted Brian Hartzer has been appointed to the role.  Brian and I have worked closely during the past two and a half years.  He is a proven leader and a wonderful fit for the Westpac culture. This is an exciting time for the Group," Kelly said.

 

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  • organza
    organza Thursday, 13 November 2014

    She was well paid to keep a lid re what was going on that's for certain. I personally know a few people who were ripped off by Westpac financial planners at a certain Westpac branch who were compensated after they complained to the branch in return for silence!

  • stryker
    stryker Thursday, 13 November 2014

    Why all of a sudden is she retiring does she know something the that we don't know. Now she is laughing all the way to the bank, with our money.

  • Wayne
    Wayne Thursday, 20 November 2014

    DOING A RUNNER - squeaky clean Gail, getting out before the ____? hits the fan....Of course she Knows whats been going on. She maid an absolute fortune at our expense. We have all seen this before. Politicians have been doing the same thing for years, simply get out when the heat is on. It's called "DOING A RUNNER" is a term usually used by criminals to bail out of something that may incriminate them

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