Commonwealth Bank has denied claims put in submissions to a Senate committee that it called in Bankwest loans to force the bank's previous owner to cover the losses.
A public hearing of the Senate Standing Committee on Economics, which is inquiring into the post-GFC banking sector, was held in Sydney yesterday.
Many of the 150 submissions received by the committee are complaints about CBA, which bought Bankwest from HBOS in 2008, in the depths of the financial crisis.
The guts of the complaints are that CBA and Bankwest hastened to appoint receivers to businesses in...
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