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CBA Acknowledges Proceedings Commenced By ASIC

By Reuters News

Nov 12 (Reuters) - Commonwealth Bank of Australia CBA.AX:

  • COMMONWEALTH BANK ACKNOWLEDGES PROCEEDINGS COMMENCED BY ASIC

  • COMPLETED REMEDIATION OF COMMBIZ CUSTOMERS IN FY2026

  • CBA SELF-IDENTIFIED THIS MATTER, REPORTED IT TO ASIC, AND HAS COOPERATED FULLY WITH ASIC THROUGHOUT ITS INVESTIGATION

  • CBA DOES NOT ACCEPT WAY THAT SOME ALLEGATIONS HAVE BEEN FORMULATED

  • CBA ACCEPTS THAT IT DID NOT GET THINGS RIGHT FOR COMMBIZ CUSTOMERS AND APOLOGISES TO ALL CUSTOMERS IMPACTED BY THIS MATTER

  • EXPECTS TO DEFEND CERTAIN ASPECTS OF CLAIM, OR OTHERWISE CONTINUE TO ENGAGE WITH ASIC TO EFFICIENTLY RESOLVE PROCEEDINGS

Further company coverage: CBA.AX

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