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Tag: Commonwealth Bank of Australia


Activity, Insurance

Class Action Targets Commonwealth Bank of Australia Over Insurance Advising

August 21, 2020

Via: Insurance Journal

Commonwealth Bank of Australia (CBA) said on Friday a class action lawsuit was filed over advice given on life insurance policies issued and recommended by three former subsidiaries. The lawsuit was filed by Shine Lawyers against financial advisors Commonwealth Financial […]


Regulations

Australia’s largest bank was just accused of ignoring money laundering — that may hurt its peers

August 4, 2017

Via: CNBC

The fallout from Australia’s latest banking scandal — allegations that Commonwealth Bank may have ignored money-laundering regulations — could spur serious pain for the sector. Commonwealth Bank of Australia (CBA), the largest bank Down Under, saw its shares tumble on Friday, […]