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Commonwealth Bank put nearly 200 Bankwest customers in receivership in first two years

2015-12-02 22:34:37| Automakers - Topix.net

Commonwealth Bank of Australia put 182 Bankwest business loan customers into receivership during the first two years it owned the second-tier lender, a joint parliamentary committee has heard. At a hearing where the bank launched a strong defence of its conduct it also revealed it had booked writedowns on 1958 Bankwest loans over the period of December 2008, when CBA acquired Bankwest and June 2015.

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