Royal Commission dismisses theory that CBA systematically clawed-back Bankwest loans by PeterRyan

The Commonwealth Bank has been cleared of "ulterior motive" theories that it systematically defaulted loans in its Bankwest arm in the wake of the global financial crisis. Senior counsel assisting the financial services Royal Commission Michael Hodge QC said the clawback theories were "not supported by the facts". The Royal Commission has been told of the risks of parents guaranteeing loans for their adult children where the family home has been put up as collateral. ABC's Peter Ryan is covering the Royal Commission.