Commbank Diaries have regular updates on Commbank activities. Here is a brief outline on why/how CBA benefited from impairing productive Bankwest customers.
For anyone who thinks that a bank would never profit from foreclosing on productive customers, this is what RBS in UK did. the report is coming out shortly. The head of RBS is ...Ross RcEwen. He is the person who was touted to take the CBA CEO role from Ralph Norris but got passed over for Ian Narev, so left to RBS. The apple never falls far from the tree.
Tomlinson, a businessman drafted into Cable's department, said yesterday: "RBS has forced vibrant businesses into financial trouble, only to profit from their distress by squeezing them for exorbitant fees and charges and ultimately seizing their assets to swell its own vast property empire
