Australia’s Largest Bank Forced to Reveal It Lost 20 Million Accounts

Australia’s Largest Bank Forced to Reveal It Lost 20 Million Accounts
A Commonwealth Bank logo adorns an Automatic Tellar Machine (ATM) located in Sydney, Australia Nov. 12, 2014. Reuters/David Gray/File Photo
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SYDNEY—The Commonwealth Bank of Australia has been forced to reveal it lost the records of almost 20 million accounts and decided not to inform its customers, another blow to an institution already reeling from multiple scandals.

CBA’s acting Group Executive, Retail Banking Services, Angus Sullivan accepted responsibility on YouTube after BuzzFeed Australia broke the story on Wednesday.