CBA should be probed over Bankwest: former ASIC lawyer

ASIC urged to launch inquiry into CBA conduct after Bankwest deal.

The Australian Securities and Investments Commission (ASIC) is being urged by one of its former senior lawyers to launch an inquiry into the conduct of Commonwealth Bank of Australia (CBA) after its deal to acquire Bankwest, according to The Australian Financial Review.

Gary Donovan, a former senior enforcement lawyer with ASIC, said the corporate regulator should resolve the question from customers angry about the sudden foreclosure of their loans.

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