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Aussie bank expects to make 'significant' customer payouts

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


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