Australia's Commonwealth Bank has secured a dubious honour, winning its fourth "Shonky Award" from the consumer advocate group, Choice.

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The bank was given the annual Shonky Award for allegedly profiting from Australia's most financially vulnerable customers.

Choice Editorial Director Mark Serrels, CEO Ashley de Silva, and Director of Campaigns Rosie Thomas (left to right) and a Commonwealth Bank sign. Picture Choice/file

The 20th annual awards, announced on November 5, highlighted CommBank's response to findings from the Australian Securities and Investments Commission (ASIC).

Cho

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