What will be the consequences for the Commonwealth Bank?

Play
Stop
 
 
Image: 'Commonwealth Bank HQ on January 9th, 2013 in Sydney, Australia' by Gordon Bell on Shutterstock

Following revelations that the Commonwealth Bank of Australia is facing fines of nearly a trillion dollars after almost 54,000 breaches of Australia’s Money Laundering Laws dating back to 2012, questions are being raised about the CEO, Ian Narev and even the Bank’s future as a private entity?

After previous scandals brought an unwanted spotlight on the CBA should Narev exit stage left?

Myles Houlbrook-Walk spoke with the CEO of Lateral Economics, Nicholas Gruen about the bank’s future and what might be the recriminations for its executive.

Download Audio

The Wire is produced in partnership by

Contributor Stations

Supporters and Program Distribution