Trending
Prev Story
Next Story

Exec fired for ‘misleading’ CBA over mortgage broker relationship

The Australian Financial Review (AFR) •
November 02, 2026 • 11:43 PM
1
1 reads 0 reactions

A senior lender was fired over claims he secretly communicated on WeChat with a broker who the bank suspected was getting kickbacks for referrals.

Exec fired for ‘misleading’ CBA over mortgage broker relationship

The workplace umpire has upheld the sacking of a senior Commonwealth Bank loan executive for misleading the lender about secret communications he had on WeChat with a mortgage broker that the bank suspected of getting kickbacks for referrals.

Shun Wang failed in his unfair dismissal claim after the Fair Work Commission held his evidence “wholly unreliable” and he “intentionally misled” the bank that he did not know the broker, who was involved in loans he approved in 2024.

Gift articles to anyone you choose each month when you subscribe.

Tags:
Prev Swipe Story Next

Same Story from Other Publications

Compare how 2 other independent news outlets reported on this story.

2 Publications
The Age
2d ago
Late mortgage payments tick up as CBA defends economy’s resilience

Late mortgage payments tick up as CBA defends economy’s resilience

The bank attributed the higher rate of people struggling to inflation and rising interest rates.

#cba #mortgage
Compare →
Sydney Morning Herald (SMH)
1d ago
CBA sued for overcharging tens of thousands of businesses

CBA sued for overcharging tens of thousands of businesses

The corporate regulator has started legal proceedings against the nation’s biggest bank, alleging that it misled 42,000 business customers and overcharged them about $8.5 million in fees.

Related Stories

Property & Real Estate
Build #2611