How to incense whole industries ANZ style
The ANZ bankers declared this week that they are really in the business of saving the Earth, even if Australians didn’t vote for it.
They declared some law abiding businesses were unworthy of their loans, and thousands of Australians in the steel industry, farming, and manufacturing are livid.
The bank is now telling its customers that interest payments are not enough, and those with 50% or more of their operations in coal must diversify. They may well diversify right out of ANZ — a boycott is being discussed.
And for shareholders this preening would seem like a dumb way to lose customers. But in Australia it’s worse than that.The right to earn interest by loaning money they mostly don’t have (by creating paper currency from thin air) is a glorious gift bestowed on them by an Australian banking license.
It’s a perpetual money making machine, granted by a government group called APRA. ANZ is one of The Big Four Banks in Australia.
It is supposed to provide an essential service, and in return APRA protects it by using the power of the state to run any new competitors off the ranch and right into jail for counterfeiting. It thus behooves ANZ to serve all law abiding Australian customers equally, and not discriminate based on religious beliefs about weather control.
Don’t look now, ANZ is selling carbon credits
Rather than saving the planet though, ANZ’s climate passion looks like an extortionate scheme to enrich ANZ. To twist the knife, it appears the ANZ sent out a note to clients explaining that it would grow its own business while it “helped” them to reduce carbon by selling them carbon credits and giving them advice on how to make money off the great carbon credit ponzi scheme themselves. ANZ calls this practical, Ian calls it bastardry.
Ian W writes again to the entire board of the ANZ (and most of the Australian parliament).
“Acts of bastardry… don’t deserve a banking license”
A Very Good Evening to you ANZ Board,I am a long term Shareholder of your Bank and a passionate supporter of Australian manufacturing, mining and farming.With your Bank’s recent anti-coal announcement – which attacks every single Australian involved in steelmaking, aluminium smelting, food processing, manufacturing, plastics, fertilisers, explosives, other metal smelting and farming, it is clear to me as a Shareholder that the ANZ Management group has lost the plot – and need to be stood down by the Board forthwith.Your Bank has extreme arrogance and disregard for genuine shareholders and the Australian people – epitomised perfectly by the fact that as a result of our phone conversation and several emails, Shayne Elliott is now blocking my emails and refuses to talk.He has no right to treat genuine shareholders with such contempt – even if he disagrees with 99% of what I have to say. Somebody needs to tell him, thousands of genuine Shareholders like us own the damn Bank and he works for us! Please pass this email on to Shayne Elliott because this country cannot have Chief Executives of organisations like your Bank destroying our businesses and futures.
Now we in the Australian Steel Industry understand perfectly what false virtue signalling is and we understand why the ANZ is engaged in exactly that. It is because the Bank has, is and can in future, make an absolute fortune out of ripping off innocent Australians through rent seeking activities including carbon trading and funding renewables. Secondly it is because the ANZ Management just go to water when confronted with feral environmental activists at head office and when pressure is applied by partly overseas funded organisations like Market Forces and the Australian Conservation Foundation.You see, ANZ, we know – that you know – that the concept of Human induced Climate Change is hotly scientifically contested – and in fact that the most powerful Nation in the Free World right now has rejected Paris – and the most powerful Nation in the non-free world is also not bound by Paris – by using the bulldust concept of being a “developing” nation.
Who installed such weak, gutless management into the ANZ Bank that they attack all of our businesses just to appease a few feral overseas funded activists? The Board of the ANZ must stand down every senior leadership person of the Bank immediately please.A link below from the ABC describes the mad, recently released policy of ANZ – and the additional links below describe exactly what the ANZ has been up to with your customers over the last few years.With that consistent behaviour from the Bank, you expect us to believe that your renewable objectives are honourable!!!!?????Could someone from the ANZ Board please contact me, Shayne Elliott isn’t game to talk and this needs to be discussed with a human being at the very top level of the Bank.About now is a very good time for every one of the hundred thousand people in the Australian steel industry, everyone associated with smelting of other metals, papermaking, mining, manufacturing food processing and farming to put a total boycott on the ANZ Bank. Acts of bastardry, like the ANZ has just executed, deserve nothing less!Morrison should withdraw the licence of the ANZ Bank to operate.I look forward to being contacted, thankyou and best regards,Ian W
Ian helpfully included links showing that “Saving the Planet” doesn’t fit ANZ’s pattern of behaviour:
What’s wrong with overcharging, laundering and gouging a few customers on the way to saving the Earth?
ANZ CEO Shayne Elliott finally admits documents they used in a court were “altered” (nice soft bank description for forgery) and gives an unreserved apology for 20 years of unconscionable misconduct. But then does not give any further explanation, or offer proper financial compensation, and instead offers a small token gesture “goodwill payment.”
ANZ admits ‘unfair and unethical’ behaviour towards rural customers at banking royal commission – NZ Herald
The commission also heard a case involving Arthur and Rhonda Cheesman, and their son Reuben and his wife Katrina, who ran a farm in western Victoria.
Money laundering is not just a CBA specialty. The Royal Commission should investigate the other banks regarding breaches of the Anti Money Laundering Act. Carolyn Thomson has crystal clear evidence that her bank, ANZ, has breached the Act. Why are none of the agencies doing anything about it? This is not acceptable and shows criminal activity is baked into banking.
ANZ bank to pay $682m to customers it ripped off over 10 years | Australia news | The Guardian
ANZ says it will take a $682m hit this year to compensate customers who it ripped off over the past decade, adding to a remediation bill that has already climbed into the billions …
ANZ bank taken to court by ASIC over fees
The watchdog said the bank became aware there was a risk it may not have been entitled to charge the fees in mid-2011 after speaking with law firm Blake Dawson which is now Ashurst.
Australia’s ANZ overcharges 3.4 million customersInternational Investment London Forum 2020. The inaugural International Investment London Forum will look at where the industry is heading, the challenges and opportunities for the industry in the region, and how advisers, brokers and product providers are adapting to political and regulatory changes.The event will take place on Thursday, 30th April at the South Place Hotel, London.
ASIC sues ANZ for gouging customers – afr.comASIC says when the bank confessed it only identified around half the unfair transactions and did not characterise the conduct as significant. It alleges this was a breach of The Corporations Act …
The royal commission has labelled the actions of the major four banks — including charging for services not provided — as dishonest and the result of greed.. Elliott is the third bank CEO to …
ANZ to shed more than $700m in loans to thermal coal projects by 2024, leaked document reveals – ABC News
Australia’s second-largest bank plans to cut lending to thermal coal projects by 75 per cent within the next five years, or about $700 million, a leaked document reveals.
Rating: 9.9/10 (14 votes cast)
ANZ bankers kneel to carbon God, betray Australian farmers, miners — “don’t deserve a banking licence”, 9.9 out of 10 based on 14 ratings
October 31, 2020 at 10:31PM