SYDNEY, July 3 Commonwealth Bank of Australia
said on Thursday it will set up an independent review
programme for customers of its financial planning division, a
week after a Senate committee report accused it of covering up
misconduct that left thousands of its customers without their
The report recommended an independent inquiry into the
scandal and raised concerns about the bank's ability to
compensate its customers fairly. The misconduct occurred between
2006 and 2010.
On Thursday, CBA said the review, with independent
oversight, would deliver "fair and consistent outcomes" for
customers of its financial planning division.
(Reporting by Swati Pandey; Editing by Paul Tait)