Controversies
In December 2011, a former Bankwest commercial client Geoff Shannon started an action group and website called "Unhappy Banking", after losing "all of company and personal assets due to the predatory conduct of Bankwest". The group claims that Bankwest "moved aggressively to reduce its exposure to small- and medium-sized commercial property clients" after being taken over by the Commonwealth Bank in 2008. After lobbying by Unhappy Banking, a Senate Inquiry was announced into banking practices on 14 March 2012.
Read more about this topic: Commonwealth Bank