Brief: Australia's ASIC Sues CBA Alleging Tens Of Thousands Of Business Customers Overcharged Fees
Thu 01:35
BRIEF-Australia's ASIC Sues CBA Alleging Tens Of Thousands Of Business Customers Overcharged Fees Nov 12 (Reuters) - Commonwealth Bank of Australia CBA.AX:
ASIC SUES CBA ALLEGING TENS OF THOUSANDS OF BUSINESS CUSTOMERS OVERCHARGED FEES
ASIC ALLEGES THAT BETWEEN NOV 2020 AND 31 MAY 2025, 42,000 COMMBIZ CUSTOMERS WERE OVERCHARGED A$8.5 MILLION IN FEES
ASIC IS SEEKING DECLARATIONS, PECUNIARY PENALTIES, ADVERSE PUBLICITY ORDERS, ANCILLARY ORDERS AND COSTS
Further company coverage: CBA.AX
((Reuters.Briefs@thomsonreuters.com;))
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