Markets

CBA boss Ian Narev just lost $3 million from his pay packet

The money laundering scandal at the Commonwealth Bank, and its damage to the company’s reputation, has cost senior executives dearly. The bank’s board of directors last week axed short term bonuses for Narev and his executive team. According to the annual report released today, CEO Ian Narev’s total pay for […]
CBA boss Ian Narev just lost $3 million from his pay packet
Markets

IAN NAREV IS LEAVING CBA

Commonwealth Bank CEO Ian Narev is leaving. The head of Australia’s largest company has faced escalating pressure from a series of scandals, the latest with bank in court accused of breaching anti-money-laundering regulations. Narev, aged 50, has been in the job since the end of 2011, bringing the bank to […]
IAN NAREV IS LEAVING CBA
Markets

Ian Narev’s statement to the parliamentary committee

Commonwealth Bank chief executive Ian Narev was the first of the big four bank CEOs to front up before parliament to face questioning from to the House of Representatives, Standing Committee, Economics. Here is the full text of Narev’s opening remarks (headings added by Business Insider): Chairman, thank you for […]
Ian Narev’s statement to the parliamentary committee
Markets

The Commonwealth’s Ian Narev fronts parliament on interest rate decisions

Commonwealth Bank chief executive Ian Narev, the first of the big four bank CEOs to front up before parliament, has started his opening address to the House of Representatives economics committee in Canberra. He immediately hit the central question and the main reason prime minister Malcolm Turnbull insisted last month […]
The Commonwealth’s Ian Narev fronts parliament on interest rate decisions