March 16 (Reuters) - Commonwealth Bank of Australia (CBA) :
- AUSTRALIA'S ASIC - COMMENCES PROCEEDINGS AGAINST CBA FOR FAILURES OF AGRIADVANTAGE PLUS PACKAGE
- AUSTRALIA'S ASIC SAYS THE CAUSES OF CBA'S FAILURES INCLUDED THE HIGHLY MANUAL NATURE OF CBA'S SYSTEMS BY WHICH AA+ PACKAGE BENEFITS WERE APPLIED
- AUSTRALIA'S ASIC SAYS THAT A TOTAL OF 8,659 CUSTOMERS WERE HARMED BY CBA'S CONDUCT ON 131,542 OCCASIONS
- AUSTRALIA'S ASIC CONTENDS THAT CBA BENEFITED FROM A TOTAL OF $8.1 MILLION IN INCORRECTLY CHARGED FEES & INTEREST ON LOANS, UNDERPAID INTEREST ON SAVINGS
- AUSTRALIA'S ASIC - WILL BE SEEKING A TOTAL CIVIL PENALTY UP TO $5 MILLION SUBJECT TO THE CONDUCT AS ALLEGED BEING FOUND OR ADMITTED
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News: CBA Australia's ASIC Commences Proceedings Against CBA For Failures Of Agriadvantage Plus...
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