AustralasiaBusinessEthicsFeaturesFinanceGlobal IssuesLaw & OrderLeadershipOpinionPoliticsSocietyWorld

You can’t get public service ethics from bankers

When Matt Comyn, now chief executive of the Commonwealth Bank, was a slightly more junior bank executive, he had qualms and scruples about the bank’s shameful practice of selling virtually useless personal loan insurance to its…

  • Jack Waterford
  • The Canberra Times

His then boss, Ian Narev told him to “temper your sense of justice.”

Mr Comyn, the successor and protégé of Narev, apparently followed this advice. It wasn’t until about 10 months ago, after it was clear that the banking royal commission was on to these rorts, that the bank stopped the…

That was about a month before Comyn took…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button