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Articles on Commonwealth Bank

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In the case of CommInsure, the treatment of the Chief Medical Officer, Benjamin Koh, seemed designed to send a message to other bank staff – keep your head down, or else! Dave Hunt/AAP

APRA needs to protect whistleblowers in the CBA inquiry

Without clear support for whistleblowers in the terms of reference for the inquiry into CBA’s corporate governance, the conclusions will inevitably be tainted.
Customers don’t expect their banking documents to be found in a gutter on the other side of the country, let alone have the bank blame them. Dave Hunt/AAP

Another day, another scandal: CBA blames customers for identity theft

One bank customer whose identity was stolen asks: ‘Why didn’t they call the fraud squad, or the police?’ It’s a very good question.
APRA chairman Wayne Byres says the inquiry will provide the CBA with change recommendations. Mick Tsikas/AAP

APRA could have investigated CBA years ago: experts

The APRA inquiry puts the regulator in the tricky position of trying to be seen to be tough on bank scandals but juggling its close relationship with the government and the CBA.
Amid a sea of troubles – including the premature loss of their CEO and a money-laundering scandal – the CBA is facing a shareholder lawsuit. AAP Image/Dave Hunt

Climate change is a financial risk, according to a lawsuit against the CBA

A new lawsuit against the CBA puts climate change in a new legal light: a financial hazard. The case opens up fresh lines of attack on institutions that contribute to climate change.
Banking inquiries in their current form serve as political theatre, rather than as a genuine form of accountability. Lukas Coch/AAP

Banking inquiry findings – ask the wrong questions get the wrong answers

Members of House Standing Committee on Economics should be asking the directors of Australia’s Big Four banks (not the CEOs) different questions, if they really want the right answers.

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