Tag Archives: Commonwealth Bank

Social Science and Society, Sundries

Commonwealth Bank class action – a lawyers picnic?

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Respected financial journalist Michael Pascoe thinks the Commonwealth Bank class action would hurt everyone but the lawyers.

    Two ambulance-chasing firms are inviting CBA shareholders to punch themselves in the head and pay the firms for the privilege.

    A narrower version of the story is that lawyers Maurice Blackburn and litigation funder IMF Bentham are out to profiteer by provoking one group of innocent CBA shareholders to rip money off another group of innocent CBA shareholders and further damage the share price in the process.

Continue reading Commonwealth Bank class action – a lawyers picnic? →

Social Science and Society

Drug syndicates turned CBA into a money pump, but the whole financial system is at risk

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When Prof Jason Sharman told Phillip Adams that half a million dollars was stuffed into the new intelligent deposit machines installed in the Commonwealth Bank from 2012, and then did the same for the next three years, it sounded incredible, and if true, could only happen with complicit corruption. Seems it didn’t happen quite like that, but what authorities say did happen is staggering and quite bizarre. Continue reading Drug syndicates turned CBA into a money pump, but the whole financial system is at risk →