banking royal commission horror stories

One horror story could be about customers being wrongly charged excessive fees. The banks, in some cases, were found to have added on fees that were not justified, leaving customers out of pocket for no good reason.

Well, the public trust took a big hit. Since these horror stories came out, customers started to question every single interaction with their banks. They were no longer willing to just accept what the banks told them. For example, if a bank recommended a new product, customers were more likely to research it thoroughly on their own rather than blindly trust the bank's advice. This change in attitude shows that the horror stories made people very cautious about the integrity of banks.

A common commission horror story is about a graphic designer. A client commissioned a logo design. The designer presented several drafts, but the client gave very vague feedback like 'I don't like it, make it better'. After many rounds of revisions, the client finally chose one of the initial designs. However, when it came time to pay, the client tried to haggle down the price, claiming that the work wasn't that much effort. Another example is a software developer who was commissioned to create a custom software. The client didn't clearly define the scope of the project at the start. As the developer worked, the client kept adding new features, which led to a never - ending project and a lot of unpaid extra work.

I heard of a case where an artist took on a commission. The client gave very unclear instructions. The artist worked for weeks thinking they were on the right track. But when they presented the work, the client was furious, saying it wasn't what they wanted at all. The artist not only didn't get paid but also lost materials and time. It was a nightmare because the lack of clear communication led to a total disaster for the artist.

One horror story is when a salesperson was promised a large commission for closing a big deal. They worked hard, got the deal done, but then the company changed the commission structure at the last minute and they got a pittance. It was a total bait - and - switch.

One common banking horror story is unauthorized transactions. People might find strange charges on their accounts that they didn't make. Another is getting locked out of their online banking without proper explanation. And sometimes, banks make errors in calculating interest, which can cost customers a lot of money.

One horror story is when a person's online banking account was hacked. The hacker transferred out all the money in the savings account within minutes. The victim only noticed when they received a text about the low balance. It was a nightmare to deal with the bank to try and get the money back.

The pressure to meet tight deadlines can also be a horror story. Analysts are often given very short time frames to complete complex tasks. For example, an analyst might be given just a day or two to put together a detailed financial model for a large merger. The stress of getting everything accurate and done on time can be overwhelming, and mistakes can have serious consequences for their career.

One horror story could be being given an impossible task with a very short deadline. For example, an intern was asked to create a complex financial model for a major deal in just a day. The intern had to work all night, with little guidance, and still got scolded for minor mistakes. Another could be dealing with extremely long hours. An intern was expected to be in the office from 7 am until midnight every day, which led to burnout very quickly. And then there's the case of being bullied by senior colleagues. An intern was constantly criticized and made to feel small by a senior banker who took out their own stress on the newbie.

Overwork is a very common theme. Investment bankers often have to sacrifice their personal lives for the job. Another theme is the high - pressure environment. There's always the risk of making a costly mistake in deals.