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Banking royal commission: Experts warn of fallout, lending crunch | — Australia’s leadin

Aussie rich-lister Christian Beck made headlines after sensationally claiming he couldn’t get a bank loan despite his $775 million fortune last year.

In an August interview with The Australian Financial Review, the tech entrepreneur and founder of Australian Technology Innovators — a company with a $231 million revenue in 2017 — said he was denied a loan by “paranoid” banks cracking down on lending thanks to the Financial Services Royal Commission.

“It’s stupid, it’s crazy, I can definitely afford it,” Mr Beck told the publication at the time.

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