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Customers use a Commonwealth Bank (CBA) ATM in Brisbane

Customers use a Commonwealth Bank (CBA) ATM in Brisbane Source: AAP

The banking regulator says it will conduct a wide-ranging investigation into the culture, governance and accountability of the Commonwealth Bank of Australia. Treasurer Scott Morrison says it's a welcome intervention, and has again rejected Labor's calls for a Banking Royal Commission.

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By Selina Kong, Hannah Sinclair

Source: SBS

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The banking regulator says it will conduct a wide-ranging investigation into the culture, governance and accountability of the Commonwealth Bank of Australia. Treasurer Scott Morrison says it's a welcome intervention, and has again rejected Labor's calls for a Banking Royal Commission.

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