Commonwealth Bank scraps CEO bonus over money-laundering allegations

MELBOURNE (Reuters) – Commonwealth Bank of Australia on Tuesday scrapped its chief executive’s bonus for damaging the bank’s reputation amid allegations it broke money-laundering and counter-terrorism financing rules, but said he retained the board’s confidence.


Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>