Westpac and ASX silent as BT gouged over a billion from customers
Independent Australia
12 Jul 2021, 08:52 GMT+10
Westpac has continually failed to answer questions about the extent of its price short-changing of customers through its superannuation entity BT, writes Anthony Klan.
WESTPAC GROUP has failed to disclose to the ASX revelations that its superannuation and wealth arm BT is engaging in wholesale gouging of its customers, despite that information likely to stymie its planned multi-billion-dollar sale of the business.
The Klaxon over two weeks ago revealed that Westpac s BT had, over the past three years, gouged over $5 billion from its almost one million superannuation members, costing them over $1.65 billion a year.
NAB to open 4 ‘new-format branches’ amid closures By Malavika Santhebennur 09 July 2021
NAB is investing in a $100-million branch transformation program and opening four new-format branches in NSW and Victoria, coinciding with several branch closures.
The National Australia Bank (NAB) is investing $100 million in 2021 in a branch transformation program to reportedly adapt to the changing way customers are choosing to do their banking.
The changes include a new design and open plan layout, with meeting spaces for customers to conduct conversations with bankers. In addition, the bank is also installing additional digital services like self-service digital bars, and machines that are available 24 hours a day, which it said is popular with customers.
Bill Papas is supposedly jetting in from Greece to Australia this weekend to answer charges.
A prominent Greek-Australian personality with business interests in New Zealand is at the centre of an almost A$200 million fraud allegation by Westpac Group in Australia.
This morning at the
Bill Papas is supposedly jetting in from Greece to Australia this weekend to answer charges.
A prominent Greek-Australian personality with business interests in New Zealand is at the centre of an almost A$200 million fraud allegation by Westpac Group in Australia.
This morning at the
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