A Bank of Melbourne business customer testifies at the Banking Royal Commission
Channel: Banking Royal Commission
Date: 2018-06-04

[3.13] Bradley Wallis, a former policeman and Westfield executive who took out a loan from Bank of Melbourne (a subsidiary of Westpac Banking Corporation) to buy a bed and breakfast business, gives evidence on how the bank used A$100,000 of his own money held in a term-deposit he was not able to withdraw from as a ""bargaining chip'' to get him to restructure the loan in the way Bank of Melbourne wanted.

Recorded on 24 May 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Exhibit documents:
https://bit.ly/2sfaVuG

Transcript:
https://bit.ly/2L3NJGF

Testimony held during the third round of public hearings on lending to small and medium enterprises at the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

This video was extracted from the Royal Commission’s webcast archive and republished here as permitted under its Creative Commons Attribution 4.0 International licence. The source file, containing the raw archived webcast of the entire day of hearings, was trimmed to only retain the testimony of the above witness(es) and remove any breaks and offline periods of the webcast. For testimonies held over multiple days, separate source files would have been combined to create one consolidated video.

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© Commonwealth of Australia 2018.

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