Brief: CBA Acknowledges Proceedings Commenced By ASIC
Thu 02:06
BRIEF-CBA Acknowledges Proceedings Commenced By ASIC 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
((Reuters.Briefs@thomsonreuters.com;))
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