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Australia's Commonwealth Bank says there will be significant customer remediation payments
October 18, 2016 / 2:42 AM / a year ago

Australia's Commonwealth Bank says there will be significant customer remediation payments

SYDNEY, Oct 18 (Reuters) - Commonwealth Bank chief executive Ian Narev said in Sydney on Tuesday that there would be significant remediation payments after the major Australian bank let customers down.

The bank has been involved in a series of scandals including offering poor advice to financial planning clients.

Reporting by Jamie Freed; Editing by Michael Perry

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