BANK PROFESSIONAL NEGLIGENCE - SOLICITORS COMPENSATION - AUSTRALIAN FINANCIAL INSTITUTIONS
LAWYER HELPLINE: ☎ 1800 633 090Australian banks and financial institutions carry out a very wide range of work in the professional sphere both in house and by instructing outside professional people to work both on behalf of the bank and on behalf of the banks client. The rules that govern financial institution and bank professional negligence (both domestic & commercial) are no different to the rules that apply to all professional people in that the bank or those that they appoint to carry out work on their behalf and on behalf of a client must be of a reasonable standard.
Duty of Care
To succeed in a claim for bank professional negligence it is necessary to show that a duty of care exists between the bank and the customer and the normal relationship of a customer to the bank is usually sufficient to establish that relationship. Thereafter it is necessary to show that the bank, or those advisors appointed by the bank to look after the customers interests, failed to use a reasonable degree of skill and care which directly resulted in financial loss or the prospect of future financial loss.
Third Parties
Claims for bank professional negligence often centres on third parties and frequently involves solicitors and financial advisors. Any negligent action that occurs due to the negligence of another professional appointed on the recommendation of the bank may be attributed to the bank and any negligent work carried out directly on the instruction of the bank becomes the responsibility of the bank.
Common Negligent Actions
There are numerous other areas where bank professional negligence may result in payment of compensation including :-
- overcharging for financial & other services
- reneging on an offer
- actual loss of physical assets
- inadequate financial advice
- failure to supply documents
- failure to make due payments
- breach of confidentiality
Bank Professional Negligence Solicitors
If you believe that you may have been a victim of bank professional negligence and you have lost money as a result we may be able to help you. Just use the contact form or email our solicitors or call the helpline and a specialist professional negligence solicitor will call you with advice at no cost and with no further obligation. If you decide to pursue a bank professional negligence compensation claim we may be able to offer the no win no fee scheme.