The major bank has rejected the claim. The Australian Securities and Investments Commission ( ASIC ) has rejected claims from a number of consumers of bank misconduct in commercial banking , arguing that there is not enough evidence to take legal action . Some of the claims refer to the Commonwealth Bank , who allege that the bank defaulted customers after it bought Bankwest at the peak of the global financial crisis , as it needed to claw back some of the market share ; the bank denied the allegations .
The Australian Securities and Investments Commission ( ASIC ) has rejected claims from a number of consumers of bank misconduct in commercial banking , arguing that there is not enough evidence to take legal action . Some of the claims refer to the Commonwealth Bank , who allege that the bank defaulted customers after it bought Bankwest at the peak of the global financial crisis , as it needed to claw back some of the market share ; the bank denied the allegations .