The life insurance arm of Commonwealth Bank of Australia pleaded guilty to 87 co...
FILE PHOTO: The logo for the Commonwealth Bank of Australia adorns their head office in central Sydney, Australia, October 12, 2017. REUTERS/David Gray/File Photo
The Australian Securities and Investments Commission had charged the CommInsure unit of CBA, the nation’s biggest lender, of breaking an “anti-hawking” law in October, accusing it of selling life insurance policies known as ‘Simple Life’ over unsolicited phone calls between October and December 2014.
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