Tony Abbott says hearings casting spotlight on ‘contemptible’ practices despite his earlier opposition

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The Commonwealth Bank has admitted to being the worst financial services entity in Australia for charging customers fees for financial advice they never received.

Senior executives from CBA faced the banking royal commission on Wednesday, where they were forced to explain the layers of fees CBA’s financial advice businesses charge customers.

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Read More Banking royal commission: CBA agrees it is the ‘gold medallist’ at fees for no service

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