Most Storm claimants compensated by CBA
Commonwealth Bank compensated more than 1500 victims of Storm Financial for investment losses, The Australian reported.Of claims handled by law firm Slater & Gordon, 900 of the 1120 claims lodged had been finalised, according to the newspaper. The Australian estimated the cost to CBA of settlements over Storm at between $200 million and $400 million. Of the settled claims, 400 were related to home loans, 260 to margin loans and 240 comprised a combination of both.