Australia’s Commonwealth Bank CFO Steps Down as Comyn Rings Changes

Australia’s Commonwealth Bank CFO Steps Down as Comyn Rings Changes
Pedestrians are reflected in the window of a branch of the Commonwealth Bank of Australia (CBA), Australia's biggest bank by market value, in Sydney, Australia, on Nov. 8, 2017. Reuters/Steven Saphore/File Photo
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SYDNEY—Uncertainty around Commonwealth Bank of Australia’s senior leadership deepened on Monday as the chief financial officer resigned unexpectedly, the fifth executive to depart in one of the worst governance crises in the bank’s history.

Australia’s biggest bank is struggling to rebuild its reputation after a series of scandals revealed flaws in its leadership culture, exposing it to closer regulatory scrutiny, higher compliance costs and potential fines.