Australia bank lobby head says CBA scandal hurts entire industry
15 Aug 2017

The Commonwealth Bank of Australia money laundering scandal has damaged the public’s perception of the whole banking sector, according to the head of the industry’s lobby group.

“The issue that Australian banks are suffering with is community trust and public reputation,” Australian Bankers’ Association chief executive officer Anna Bligh said in an interview on Monday. “The events of the past week, 10 days, have not only been very serious and damaging for the reputation of the Commonwealth Bank but for the banking industry in Australia as a whole,” she said.

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