CBA can't make the same mistakes at Bankwest

If Ian Narev has learned anything from the financial planning scandal he will act quickly to address allegations of impropriety around the Bankwest buy - and he will bypass management when he does.

The Commonwealth Bank believed it had put the Bankwest controversy to bed, but it has returned as a fallout from the financial advice scandal. And because the CBA’s goodwill has run down, the bank suddenly find itself in dangerous territory.

Narev is a great CEO and he has positioned the Commonwealth Bank so that it’s ahead of its opposition in facing the new competitors entering the banking space lead by Coles, eBay and PayPal (The big four banks can't afford any more IT mistakes, July 4).

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