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Australian financial chiefs lash poor banking culture amid fresh CBA scandal

Reuters  |  SYDNEY 

By Paulina Duran and Swati PandeySYDNEY (Reuters) - Two of Australia's most senior financial officials called into question the integrity of the country's top banks on Friday, saying they risked losing public trust in the wake of unprecedented money-laundering and terror financing allegations.The latest scandal to rock Australia's highly profitable "Big Four" banks is potentially the worst, with Commonwealth Bank of Australia accused by the financial intelligence agency of allowing criminals to launder millions of dollars.Australia's biggest mortgage lender has blamed a software coding error ...

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First Published: Fri, August 11 2017. 12:03 IST
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