CBA CEO denies A$4bn annual card fees, cites inaccurate claims as trust decline factor.
Commonwealth Bank of Australia (CBA) CEO, Matt Comyn, has denied claims made by a member of parliament, Jerome Laxale, that banks were collecting A$4bn annually from card fees, calling the figure "overstated." Comyn expressed concern over the increasing number of inaccurate claims being made in public, stating that they contribute to a decline in trust among citizens. The CBA CEO has faced questions about the bank's profits and card fees during a parliamentary committee investigation.
August 29, 2024
119 Articles