Agh,start of Domino Fall?

Court rules NAB unable to recover Gold Coast millions due to breach of banking code

Date May 9, 2015
Richard Baker, Nick McKenzie and Sarah Danckert SMH


The Victorian Supreme Court's ruling has sparked predictions of major changes in the banking sector.

Customers and small businesses taking on their banks over rip-offs have won a massive boost after a landmark court ruling that requires financial institutions to stick to their own code of conduct.
In a judgment that has sparked predictions of major changes in a sector that has already faced numerous consumer scandals in recent years, the Victorian Supreme Court has ruled NAB broke the banking industry's code of conduct in its dealings with a wealthy property investor.
The precedent setting judgment will cost NAB millions of dollars and sparked a scramble from the industry as it means the code of conduct goes from being a guide to contractually binding.
NAB suffered the defeat in court after it tried to argue that the industry's self-regulatory Banking Code of Practice has no legal effect.

http://www.smh.com.au/business/cour...o-breach-of-banking-code-20150508-ggwjp6.html

And their Insider Trader outed as well!

Who's Good Job this is?

Regards,