People briefed on the widening inquiries said the country’s largest lender became particularly concerned about anomalies detected among clients of two firms.
The Commonwealth Bank of Australia (CBA) has reported itself to the police after discovering what could be one of the largest ...
The country’s largest bank is working to assess how many loans have been secured based on doctored applications, including documents created using AI.
Commonwealth Bank has called in the police after discovering a suspected $1 billion in home loans obtained fraudulently, including with documents created by AI.
Opinion
Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business
If you’re one of CommBank’s 17 million customers, don’t panic. But given how well AI can now fake documents, all banks will need to rethink their security.
The corporate regulator is making inquiries into several Australian banks over suspected loan fraud, and told a parliamentary ...
Australia’s biggest bank self-reported loans it suspected were fraudulent to the police. Now the feared financial crimes regulator is on the case.
(Reuters) - Commonwealth Bank of Australia reported first-quarter cash earnings slightly ahead of market consensus on Wednesday, helped by improved volumes in its home lending and household deposits ...
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