Beware of Bankwest – A Message from Unhappy Banking

About 400 angry ex-Bankwest customers say the bank has been colluding with property valuers to force commercial borrowers to default on their loans. The Perth-based bank is facing two potential class actions over the way it re-valued assets and called in the loans of hundreds of its small to medium-sized business clients after a takeover …

Rich getting richer drives a widening gap between rich and poor

Well-off Australians are getting richer as tax cuts for the wealthy and ballooning salaries for executives drive a widening gap between rich and poor. Two academics studied wages over a ninety-year period and discovered that the top 1 percent of taxpayers earn nearly 10 percent of Australia’s income. Working with Oxford University professor Sir Tony …