Business
CBA customer remediation bill blows out to $800m – Sydney Morning Herald
The CBA’s bill to pay back customers who received poor financial advice has now reached $834 million.
The Commonwealth Bank of Australia has increased the amount it is putting aside to pay back customers who received poor financial advice by $300 million, taking its total bill to $834 million.
The bigger budget will reimburse customers of CBA’s aligned adviser businesses, including Count Financial, Financial Wisdom and CFP-Pathways. The bank said a significant amount of money had been spent already on a comprehensive program to ensure all customers who had been charged fees for no service or in…
-
General22 hours agoTotal fire bans in place for large parts of Queensland amid hot, dry conditions
-
General19 hours agoBHP cops $5b value hit on talk of China trade blockade
-
Noosa News23 hours agoAre more carpool lanes the answer to Brisbane’s congestion?
-
Noosa News22 hours agoWhere to Watch Taylor Swift’s ‘Party of a Showgirl’ Film in Australia