Breaking: National Australia Bank is set to announce changes in leadership, days after chairman Ken Henry and CEO Andrew Thorburn were slammed in the royal commission
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NAB shares in trading halt pending 'leadership changes'National Australia Bank shares are in a trading halt pending an announcement to the market regarding leadership changes.
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NAB enters trading halt pending 'leadership change' announcement | Sky News AustraliaThe National Australia Bank has entered a trading halt pending a 'leadership changes' announcement.\n\nThere is market conjecture the announcement could be related to the scathing assessment of the organisation's conduct by the banking royal commission.\n\nSingling out NAB and CEO Andrew Thorburn , Commissioner Kenneth Hayne said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\n\n
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NAB in halt ahead of ‘leadership changes’NAB shares have been placed in a trading halt ahead of an announcement about “leadership changes” amid speculation over the futures of chief executive Andrew Thorburn and chairman Ken Henry.
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NAB bosses 'cop scathing criticism' in banking royal commission | Sky News AustraliaThe banking royal commission has given 76 recommendations in total that cover banks, superannuation, mortgage brokers and financial advisors.\n\nThe final report gives 22 referrals of 19 banks and other financial institutions to Australian Securities and Investments Commission and Australian Prudential Regulation Authority, which may lead to criminal prosecutions.\n\nSky News host David Speers says the report does not ‘name names’ of who should be criminally prosecuted but the NAB CEO Andrew Thorburn and chair Dr Ken Henry ‘copped some scathing criticism’, saying they were the most criticised individually.\n\nBanking royal commissioner Kenneth Hayne QC says he not persuaded the NAB is willing to accept responsibility for deciding the right thing to do in the future and requiring their staff to act accordingly. \n\n
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NAB CEO cancels long-service leave after criticism from the banking royal commissionNational Australia Bank chief executive Andrew Thorburn has cancelled a period of long-service leave after criticism from the royal commission.
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NAB CEO cancels long-service leave after criticism from the banking royal commissionNational Australia Bank chief executive Andrew Thorburn has cancelled a period of long-service leave after criticism from the royal commission.
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