Commonwealth settles BBSW rigging case

09 May 2018

 

Commonwealth Bank has continued its “clearing of the decks” by agreeing with ASIC to settle its BBSW manipulation case. In the last year, Commonwealth has been accused of facilitating money laundering, or at least not doing enough to prevent it. It has also been dealing with problems in its financial planning and life insurance businesses. As a result, APRA forced it to set aside an additional $1 billion in capital....

read full story