RISK: Property, Shares, LIC's, Bonds, Cash, Managed Funds and Other Investments All With Same Bank

Good risk management of a property investment portfolio involves spreading the risk between lenders with multiple IP's. There's plenty of examples where circumstances change and having too much property with one lender can result in forced rebalancing/selling.
Can the same thing happen with other investments or across investments all held by the same bank?

 

Have you ever read the terms of the accounts you enter into?
I haven't!

But I imagine they have clauses allowing them to take money from one account and apply it to any debts owed to them - or their subsidiaries.

If you have a home loan with CBA and also no margined shares - could they take the shares to recover a debt owed if you default on the home loan? They could with a court order, but they possibly could without as well. As the commsec contract you enter into may have you giving them permission to do so.

But I am making all this up as I haven't read the terms of the agreements.

 

The clause is there for property mortgage terms and conditions: Repay all owing if payments are not met or the bank considers the borrower may not meet their obligation.
In the shares terms and conditions: Bank can debit any account for monies owed.
So by putting both together the bank can take from any account if they are owed money or if they think the borrower may not meet their obligation.
Has this happened before, for example mining town bust negative equity resulting in forced sale of shares to cover shortfall?