Showing posts with label St George Bank. Show all posts
Showing posts with label St George Bank. Show all posts

Thursday 31 March 2016

Banks loan defaults under investigation


The Sydney Morning Herald
7 hrs
"I offered them the money but they said it was too late": A couple and their two children have been evicted from their home, with their home loan just over $2000 in arrears.
Family of four evicted as home loan goes $2000 into arrears
Senator John Williams, who is taking part in a parliamentary inquiry into the way banks deal with loan defaults, said he was troubled by what he had heard.
SMH.COM.AU

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Tuesday 2 June 2015

Bank of Melbourne co-incidence to Westpac Bank

  1. Bank of Melbourne
    1989
  2. The Bank of Melbourne is a financial institution based in Melbourne, Australia, established in 1989 and taken over by the Westpac Banking Corporation in 1997. In 2004, Westpac rebranded the Bank of Melbourne branches as Westpac branches

  3. BANK OF MELBOURNE LIMITED BML - Profile and Status ...

    www.delisted.com.au/company/bank-of-melbourne-limited

    Nov 7, 1997 - we understand that on 3 April 1997, Westpac announced a bid to acquire 100% of the Bank of Melbourne's issued capital - the total



  1. Our history | Westpac

    www.westpac.com.au/about-westpac/westpac-group/.../our-history/

    We're Australia's first bank, and first company, established in 1817 as the Bank of New ... Australia in 1995; Trust Bank New Zealand in 1996; Bank of Melbourne in 1997. ... (ADI), and the legal entity St.George Bank Limited was deregistered.
  2. When I was working for a trading name, it was Trading name trading as the main company on the letterheads, this is not happening with the banks I have noticed and to Westpac Group.
  3. http://www.westpac.com.au/docs/pdf/aw/ic/2014WestpacGroupAnnualReport.pdf

  5. Subsidiary - Wikipedia, the free encyclopedia

    en.wikipedia.org/wiki/Subsidiary

    A subsidiary, subsidiary company, or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise.
    ‎Details - ‎Tiered subsidiaries - ‎Control - ‎Business models which feature ...

  6. Subsidiary Definition | Investopedia

    www.investopedia.com/terms/s/subsidiary.asp

    DEFINITION of 'Subsidiary' A company whose voting stock is more than 50% controlled by another company, usually referred to as the parent company or holding company. A subsidiary is a company that is partly or completely owned by another company that holds a controlling interest in the subsidiary company.

  7. On 14 November 2007 Paul Fegan was announced as the new CEO of the St.George Bank, to replace Gail Kelly who had departed on 17 August 2007 to become CEO of Westpac Banking Corporation.
    On 9 May 2008, Westpac and St.George released communications outlining an intention to merge, which was approved by St.George shareholders on 13 November 2008, and upheld by the Australian Federal Court on 17 November 2008. Immediately following the court decision, Paul Fegan announced his resignation as CEO and managing director. St.George, and BankSA, became a subsidiary of Westpac on 1 December 2008.
    Upon completion of the merger with Westpac, Greg Bartlett (former Group Executive in charge of St.George Institutional and Business Bank) was appointed chief executive officer of the bank, reporting to the chief executive officer of Westpac, Gail Kelly.

    Relaunch of Bank of Melbourne[edit]

    The Bank of Melbourne is a subsidiary of Westpac Banking Corporation, and was relaunched in August 2011. Previously, Westpac Banking Corporation had purchased the old Bank of Melbourne business in 1997 (a separate and independently operating building society located in Melbourne), and after some preliminary steps, subsequently closed its doors in 2002 and merged the remaining operations under the Westpac banner. The relaunched Bank of Melbourne is replacing the St.George Bank brand completely throughout Victoria.
  8. Federal Court details   I could  not find the court documents.

    1. Ex-St George chief denies misleading staff

      www.smh.com.au/.../exst-george-chief-denies-misleading-staff-2012091...

      Sep 19, 2012 - Paul Fegan, the former chief executive of St George Bank, has denied that ... Appearing in Federal Court as a witness today, Mr Fegan said news of the ...But after St George and Westpac merged those employees were made  ...

    2. www.westpac.com.au/about-westpac/.../bankofmelbourne-mediarelease/


      Bank of Melbourne       is a bank designed by Victorians to serve the needs of Victorians. Over the next five years it will grow to over 100 branches and corporate        ...
    3. St.George Banking Group (St.George) is responsible for sales and service to consumer, SME and corporate customers (businesses with facilities up to $150 million) in Australia under the St.George, BankSA, Bank of Melbourne and RAMS brands.
    4. Yet St George Banking Group?  
    5. http://abr.business.gov.au/SearchByName.aspx?SearchText=St+George+Banking+Group  This identity should be listed under ABN separately as it is being ran as St George Banking Group.  

    6. Minority Report by Senator Xenophon - Parliament of Australia


      www.aph.gov.au/Parliamentary_Business/...10/bank_mergers.../d02
      1.7 The Senate inquiry was spurred by the Westpac/St George Bank merger which ....the acquisition, the ACCC can apply to the Federal Court for an injunction,
  10. Matching names
    ABNNameTypeLocation
    33 007 457 141
    Active    		BANK OF MELBOURNEBusiness Name 2000 NSW
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Tuesday 12 May 2015

ABN 33 007 457 141 investigation

We look at the legal standing of this?
St.George Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714..

 St George Bank is not authorised for accepting of deposits   http://www.apra.gov.au/adi/pages/adilist.aspx

 ABN 33007 457 141 http://abr.business.gov.au/SearchByAbn.aspx?abn=33007457141

 Look at the trading names associated.
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Monday 11 May 2015

St George Bank Victims tell us

St George Bank Victims

St George coy on outsourcing

David Ramli - PUBLISHED: 26 Apr 2012 12:34:00 - UPDATED: 27 Apr 2012 03:02:54
St George Bank has hit back at reports that 200 technology staff are to be fired and said that any employees let go would be “no worse off”.
The comments follow reports up to 200 jobs in the IT division are to be outsourced to IBM. Westpac Banking Corp bought St George in 2008.
Read more...
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2008 was a key year noted within Testimony of Geoffrey Graber- a year St George and Westpac banks relate

TESTIMONY OF GEOFFREY GRABER DEPUTY ...

judiciary.house.gov/_.../graber-rmbs-testimony-hjc-sbcmte-hearing-12fe...

Feb 12, 2015 - GEOFFREY GRABER. DEPUTY ASSOCIATE ... you for inviting me here and for providing the Department of Justice the opportunity to appear at.
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Banking merger St George Bank to Westpac alleged hiding the black market

Submission on proposed merger of Westpac Banking ...

https://www.fsunion.org.au/.../FSU%20sub%20to%20ACCC%20Wpc%2...
of St George Bank Limited (St George) by Westpac Banking Corporation ... through the four major banks launching takeovers for the remaining smaller players.

www.finder.com.au/aussie-bank-mergers-acquisitions
The bank continues to operate as a separate brand, even after Westpac bought outSt.George and has 55 branches in metropolitan Adelaide, 66 in rural South  ...

  • Gilbert + Tobin and Allens clear first merger hurdle

    www.lawyersweekly.com.au/.../553-gilbert-tobin-and-allens-clear-first-m...
    May 20, 2008 - Gilbert + Tobin acted for Westpac Banking Corporation, working alongside Allens Arthur ... Much has been made of St George's decision not to include a “break fee”, which leaves open the possibility of a rival takeover bid.

  • Chapter 4 – Parliament of Australia

    www.aph.gov.au/Parliamentary_Business/Committees/.../bank.../c04
    The Westpac takeover of St George Bank. 4.1 Westpac (the second-largest bank by market capitalisation) announced its intention to take over St George Bank  ...
  • Yet we have St George Bank - deregistered and still collecting deposits as the shop fronts do not say "Division of Westpac Bank".

    1. Former St George bosses accuse Westpac of 'deception'

      www.news.com.au/.../st-george...westpac/story-e6frfm1i-1225955315539
      Nov 18, 2010 - SACKED St George Bank senior managers, who are suing the ... As a St George customer, I was sad to see St George taken over by Westpac.

    2. Why the St George Takeover Matters | newmatilda.com

      https://newmatilda.com/2008/05/20/why-st-george-takeover-matters
      May 20, 2008 - The takeover of St George Bank by Westpac might be good for a handful of executives, but it heralds a disaster for bank customers.
    3. Allegedly by doing this, was allegedly Gail Kelly covering up her blind eye whilst at St George Bank or was this to further hide the alleged black market.

    4. Westpac completes St George takeover - The Advertiser

      www.adelaidenow.com.au/.../westpac...st-george-takeover/story-e6frede3-1...
      Nov 30, 2008 - WESTPAC Banking Corporation has become Australia's second biggest bank, completing its $15 billion takeover of St George Bank 
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