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…
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