Can you imagine being a bank CEO today? Wouldn’t you be wishing you were leading the bank 10 years ago before the global financial crisis when you could do whatever you wanted without too much fuss?
Fast forward to 2017. Bank CEOs are under intense scrutiny, but still pushing the banks’ profit-driven agenda in the face of scandal after scandal and community anger.
Imagine a workplace where you could be put on a secret register for forgetting to say a word from a call centre script because it would be a breach of company policy. Then, if you left that company and tried to get a new job, your prospective employer would not hire you simply because you were on that register.
You would never know whether you were on that register; you would have no right of appeal; nor would your name ever be removed from it, regardless of whether you were eventually found not guilty of the allegation.
As expected, the major banks are preparing to launch a media war against the Turnbull government’s proposed $6.2 billion bank levy, as outlined in Treasurer Scott Morrison’s May 9 federal budget speech.
Australian Bankers’ Association head Anna Bligh was furious. She said a campaign was being considered, claiming the government was playing “fast and loose” with the nation’s financial system.
The appointment of former Queensland Labor premier Anna Bligh as CEO of the Australian Bankers' Association (ABA) is a desperate public relations ploy by the Big Four Australian banks to head off a looming royal commission into their crimes and misdeeds.
It seems unlikely to succeed, given the anger in the community against the Big Four — the Commonwealth, National Australia Bank, Westpac and ANZ — and their systematic gouging of the general public.
