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Livingstone exits CBA declaring victory

The CBA chairman was sent off at an event at the MCA in Sydney on Wednesday night, attended by Joe Longo, Wayne Byres, Nick Moore and Matt Comyn.

James Eyers
James EyersSenior Reporter

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On a cold Sydney night at the Museum of Contemporary Art at Circular Quay, Catherine Livingstone received a warm send-off over drinks and canapés with 150 guests.

Earlier in the day, she’d declared victory on her five-year project to restore Commonwealth Bank’s reputation. The damage began seven months after she assumed the chair, in January 2017, when CBA was savaged by financial crimes regulator AUSTRAC in a lawsuit showing its ATMs had enabled large-scale money laundering.

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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/livingstone-exits-cba-declaring-victory-20220811-p5b8x5