No, not for Westpac too early in the year for Australians down under, most on holidays, but the scandal prone CBA has been implicated in the latest Isignthis suspension from the ASX and the ASIC criminal investigation into USGFX, it has been banking a company allegedly giving customers in Shanghai faked CBA business cards. 85 complaints in some complaints authority. Shanghai customers beating down the doors of the FX company which sponsors English Football Side Sheffield United and Super League Australia side South Sydney Rabbitohs.
another banking scandal in Australia, only 22 days in. it will be a long year for Australian banking, with customers like Isignthis, USGFX and irate Shanghai customers loosing business districts protesting about Australian banks.
CBA’s turmoil might be good and might not be so good for Westpac.
Australian banks are starting to get a horrible reputation for corporate governance scandals, customer exploitations, bad customer service, complaints and money laundering scandals.
More scandals on the way, it appears? 22 days, another for CBA?
WBC Price at posting:
$25.14 Sentiment: Hold Disclosure: Not Held
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