New report damns Commonwealth Bank culture further

Federal Treasurer Scott Morrison has labelled a report by the banking regulator, Australian Prudential Regulation Authority, into Commonwealth Bank of Australia as "damning".

Commonwealth Bank of Australia chairperson Catherine Livingstone (left) with CEO Matt Comyn (right) n Sydney, Tuesday, May 1, 2018. Source: AAP

The Treasurer says he expects more people to lose their jobs at the Commonwealth Bank following a damning report from the financial regulator into the bank's culture.



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