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
