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!
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