A UBS survey found that doing a 3rd of loan requests weren’t “completely truthful”. ( ABC Reports: Nic MacBean )

The latest banking regal fee kicks off during the earnest now, for the earliest hearings that may examine proof and discover witnesses questioned.

Key points:

• $step 1.7 trillion when you look at the Australian financial loans
• Doing a third regarding applications may consist of lays in the money, property, expenditures or other bills
• ASIC has actually examined more than 100 somebody over dodgy loan requests

That’s regarding several-thirds of all of the currency lent from the Australian financial institutions, dwarfing unsecured loans, handmade cards and you may team borrowing. [Read more…]