Commonwealth Bank chief executive Ian Narev has rejected criticism the bank's board should have informed investors as soon as it became aware of the gravity of the money-laundering allegations.
"In an organisation of this size there are individual items that come to the attention of board and management from regulators and others all the time," Mr Narev told the ABC on Wednesday.
"We shouldn't and can't be in a situation where we could disclose every time anything comes to our attention. That would end up being very confusing to the market."
(Source: http://www.abc.net.au/news/2017-08-11/asic-to-investigate-cba/8796542)
AMAZING, just amazing!
ASIC TO INVESTIGATE, page-8
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CBA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$139.80 |
Change
0.510(0.37%) |
Mkt cap ! $233.9B | |||
| Open | High | Low | Value | Volume |
| $138.90 | $140.27 | $138.40 | $222.7M | 1.593M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $139.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $139.80 | 498 | 1 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |