CBA & BANKWEST UNDER FIRE OVER PUB BANKRUPTCIES
The high-profile Royal Commission into Australia’s banks has turned the spotlight on commercial practices – particularly the wake of foreclosures on pubs by Bankwest post-GFC. The controversial practice of ‘non-monetary default’ clauses has been in discussion at the Commission, prompted by testimony of former Bankwest customers owing commercial loans on hotels. Testimony has centred on […]