Bankwest class action gathers steam as 120 SME owners and property developers sign on

Slater & Gordon is investigating launching a class action on behalf of aggrieved borrowers and mortgagors of Bankwest and the Commonwealth Bank of Australia. The claims stem from Bankwest’s perceived behaviour following its 2008 takeover by the CBA, with many small property developers alleging their debts were unfairly called in. Last month, National senator John […]

Cara Waters 11 April, 2012

Slater & Gordon is investigating launching a class action on behalf of aggrieved borrowers and mortgagors of Bankwest and the Commonwealth Bank of Australia.

The claims stem from Bankwest’s perceived behaviour following its 2008 takeover by the CBA, with many small property developers alleging their debts were unfairly called in.

Last month, National senator John Williams launched a senate inquiry into the relationship between banks, receivers and valuers, which is likely to touch on some of the claims in relation to Bankwest.

About the author

Cara Waters

Cara Waters is a former SmartCompany editor. Previously, Cara was a senior reporter for the Financial Times’ website and worked for The Sunday Times in London.