Market Chatter: Commonwealth Bank of Australia Reports About AU$1 Billion Potential Home Loan Fraud

MT Newswires Live

Feb 27

Commonwealth Bank of Australia's (ASX:CBA) review of its compliance practices and customer lending documents found that about AU$1 billion of the Bank's home loans were obtained fraudulently, according to a Friday report by the Australian Financial Review, citing anonymous sources.

The Bank is now working with authorities to assess the number of loans that were obtained by fraudulent documents, suspect deposits, or shell companies, the report said.

It did not immediately respond to MT Newswires' request for a comment.

Shares of CBA fell 1% in recent Friday trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XAO.AU","symbol_name":"标普/澳交所 普通股指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2614537005","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614537005","pubTimestamp":1772152975,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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