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KM Financial Solutions | UPDATE 1-Australia banks watchdog adds $750 mln to CBA’s capital requirements
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UPDATE 1-Australia banks watchdog adds $750 mln to CBA’s capital requirements

29 Apr UPDATE 1-Australia banks watchdog adds $750 mln to CBA’s capital requirements

Posted at 23:06h in News by
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SYDNEY, May 1 (Reuters) – Australia’s banking regulator
slugged Commonwealth Bank of Australia with an extra
A$1 billion ($753 million) capital requirement on Tuesday as it
released a scathing report into how the bank’s governance
allowed money laundering activity to flourish.

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