Steven Finch

Commonwealth Bank of Australia chief Matt Comyn has pointed the finger at his predecessor, Ian Narev, for the bank’s selling of credit insurance to ineligible customers, claiming the former CEO failed to heed advice and stop selling the products.

The law firm behind one of four AMP class actions in Federal Court might call for an anti-anti-suit injunction in response to a threat by a NSW Supreme Court judge to block the actions from proceeding in favour of the lone case filed against the wealth manager in state court.

A NSW Supreme Court judge has voiced concerns in an unprecedented jurisdictional battle that a decision that leaves competing class actions against AMP still raging in separate courts may force the Federal Court into a corner.