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Aussie bank expects to make 'significant' customer payouts

Wednesday, October 19, 2016 - 05:50

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Mr Narev says Commonwealth Bank of Australia would not be bound by a particular budget in making "remediation" payments.

Sydney

COMMONWEALTH Bank of Australia's (CBA) chief executive Ian Narev said Australia's biggest lender would make significant compensation payments after it "let customers down" in a series of scandals over financial advice and insurance payouts.

Mr Narev said on Tuesday CBA would

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