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CBA's Aussie take-over strengthens case for sub-brand transparency: Bankmecu

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Australian Broker | 20 Dec 2012, 08:00 AM Agree 0
Bankmecu's managing director says this week's CBA/Aussie Home Loans merger adds fuel to the transparency fire when it comes to multi-brand strategies
  • ozboy | 20 Dec 2012, 09:10 AM Agree 0
    This is a great idea however banks and transparency are NOT two things that go together add in a treasurer who talks more than acts and you can see nothing will come of this. Shame really.
  • Peter Fast | 20 Dec 2012, 10:02 AM Agree 0
    St George mortgage application forms have a notation - St George Bank - a Division of Westpac Banking Corporation at the top. That's obvious and open.

    Well done St George.

    We don't need the head of a union related bank making statements like these. Sounds like the Workchoices scare tactic add rolled out at every election.

    What next?
  • Wilko | 20 Dec 2012, 10:02 AM Agree 0
    Does that mean that Bankmecu will let us know what credit unions that joined are performing better than others?

    Transparency is a in the ye of the beholder in this industry
  • Country Broker | 20 Dec 2012, 10:19 AM Agree 0
    Interesting Comments.

    The CBA will have to start to declare they own a majority interest in Aussie when Aussie is selling any white label products !!

    Hopefully ASIC will make it a priority in the new year to ensure that the actual funding sources on all branded product is revealed , will it happen , doubt it.
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