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BFCSA
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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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BFCSA: ANZ Qtrly Profit up 13% to $1.73 Billion on Loan Books. Banks cannot profit from Fraud. Will the AUDITOR for ANZ have a closer look? I will explain where the fraud is buried! ASIC is Clueless & Useless!

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Loan book growth drives strong profits for major

Australian Broker News 10th Feb 2014
 
 A major bank recorded a cash profit of $1.73bn in the final quarter of 2013, spurred on by solid lending book growth.

ANZ announced the unaudited profits this morning, which the bank says are up 13% on the same period last year.

Continued growth in the bank’s Australian lending division has helped fuel profits, said CEO Mike Smith, with the bank recording above system growth for the past 16 quarters.

ANZ’s distinctive strategy based on growth in our domestic franchises, growth in Asia and strong operational and productivity disciplines is continuing to deliver a consistent improvement in business growth and financial performance,” said Smith.

ANZ’s business strategy has also led to ongoing improvements in the quality of our lending book. Together with the outlook for continued low interest rates and low levels of corporate leverage we now expect the total FY14 provision charge is likely to be around 10% lower than FY13.”

Productivity gains and increased sales in the bank’s global wealth division, as well as strong demand in the sub-80% LVR loan division in New Zealand have also helped fuel growth.

“The bottom line is that we have made a good start in 2014,” said Smith.

“There remain a number of challenging issues in the global economic environment however these are now largely more predictable. Our performance in the first quarter means we are on track to deliver a solid 2014.”
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  • doyla66
    doyla66 Tuesday, 11 February 2014

    Duped

    More like ANZ are on track to continue with FRAUD on loan application forms. The other banks will follow the same trend, you can count on that unless someone in government has the balls to stop it.

  • doyla66
    doyla66 Tuesday, 11 February 2014

    We can only hope that the Senators are there for the people and not for themselves. This Inquiry will prove it one way or the other. If they are really dinkum they can cause a big stir within the Parliament to bring about positive changes.

  • doyla66
    doyla66 Tuesday, 11 February 2014

    Well well, swimming in profits are they? Surely Mr. Mike Smith can spare a bit from the petty cash tin to reimburse ANZ victims of his banks fraudulent lending practices which, according to ASIC reports, are so few they do not even need an abacus to count them.

  • doyla66
    doyla66 Tuesday, 11 February 2014

    Duped

    What did I tell you, CBA announces 4.27 billion dollar half year profit - mainly through FRAUD on mortgage loans. Pay out aggrieved borrowers now!!!!!!!!!!!!! that's obscene profits and only achievable by falsifying borrowers laf's.

  • doyla66
    doyla66 Wednesday, 12 February 2014

    Here we go again

    Commonwealth Bank the same one embroiled in the financial planning/investment/broking saga have again increased their 6 month profit by 16% to 4.3 Billion Dollars. What is going on here Government and Regulatory Bodies do you have your eye on the ball at all. You cant be seen to be stealing peoples money with one hand and giving that money to your shareholders with the other hand, just because you change hands doesn't mean that stolen loot is now cleansed.
    All this profit making allowed to happen unchallenged whilst decent people have their homes stripped from them with the assistance of FRAUDULENT DOCUMENTATION THAT GOES UNCHECKED. High time the PRIME MINISTER chipped in rather than his understudy that promised so much but appears will deliver so little. Do alarm bells not ring gentlemen when so many people have gone to such lengths to bring to the attention of the authorities the FRAUD being committed by our BANKS. It has almost become common practice by offices of Regulation or Government itself to avoid anything to do with thoroughly investigating how our Banks are so profitable and yet they are able to foreclose on so many mortgages. One might wonder if the mortgages should not have been granted in the first place, but then again when you get defaults back from the insurance companies why would you not take a WIN WIN ?. Our Banks are operating as a protected species and will not stop preparing new underhand products to strip commoners wealth away if it is allowed to get away with the schemes it has already produced. High time someone takes the higher ground to stand above the fools who have already shown this crime is way above their intellect, our Prime Minister is a smart man and has integrity it might just be the Senators job to show him the real truth. Banks making massive profits and still taking their operations offshore cant be good for our economy. We the victims only want them bought to account for the crime they have thrust upon us that has so drastically changed all of our lives, it is a systemic problem and needs to be addressed as such. Please Prime Minister do not ignore this problem as it wont go away it will only turn into a new product then another then another,if the BANKS are left unpunished we will all feel the pain.

  • doyla66
    doyla66 Wednesday, 12 February 2014

    Just incredible isn't it - they steal their loot via mortgage fraud and then pay it out to shareholders. Wonder what might happen if all with a bank mortgage sold their properties and invested into bank shares instead?

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