Aussie banks grilled over 'unacceptable' behaviour

Commonwealth Bank CEO first of 'big 4' heads before a panel over misconduct issues

Commonwealth Bank's CEO Matt Comyn, after yesterday's hearing before the House of Representatives economics committee in Canberra.
Commonwealth Bank's CEO Matt Comyn, after yesterday's hearing before the House of Representatives economics committee in Canberra.PHOTO: BLOOMBERG

The head of Australia's largest bank, the Commonwealth Bank, yesterday delivered a surprisingly candid description of his firm's conduct in recent years: "Completely unacceptable".

Mr Matt Comyn, the bank's chief executive, was the first of the "big four" bank heads to appear this week and next week before the House of Representatives economics committee in Canberra, amid widespread public concern about misconduct in the financial services sector.

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A version of this article appeared in the print edition of The Straits Times on October 12, 2018, with the headline 'Aussie banks grilled over 'unacceptable' behaviour'. Subscribe