Business
Matt Comyn’s CBA ‘almost unrecognisable’ – The Australian Financial Review
Three years after the bank was hit with a $1 billion capital penalty after a series of scandals, an independent auditor finds a sea change within.
Promontorys findings were included among almost 1000 pages of reports published by Commonwealth Bank on Wednesday to accompany its annual result, which was characterised by a double-digit fall in profit, a vastly smaller dividend and renewed capital strength.
It is the eighth such report monitoring the banks progress in implementing changes to governance, culture and accountability since September 2018.
The report is largely complimentary of the banks progress under Mr Comyn, who was appointed…
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