Can't believe these executives escape prosecution, crazy. Instead, they get given millions of dollars as part of an exit package and the cycle begins again.
Like, who did not know NAB was best avoided?
Was there a trading halt of all financial institutions before the release of the bankingRoyalCommissionWHITEWASH report?
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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 As a former employee that doesn’t surprise me at all. Ken Henry! The Liberal finance God Surely not Labor’s fiscal guru and godlike pin up boy Ken Henry 😱 Media say nothing
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'We need to serve you better': NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the firm, despite receiving scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, 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\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday. \n\n\n\n\n\n NAB AndrewThorburn another victim of the BankingRc - where can I send the flowers. NAB AndrewThorburn NAB AndrewThorburn I can’t just dismiss the crew on the yacht. And what happens to all that food and booze?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘We need to serve you better’: NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the organisation, despite scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, 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\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday.\n\nAt least 20 civil and criminal referrals have been sent to APRA and ASIC involving the Commonwealth Bank, NAB, ANZ and AMP.\n\n chriskkenny Wait until the rc into Newscorp. You might be in some strife auspol chriskkenny Nothing happened as a result of the exposures in the Union RC If it happens here then it really is time to revisit and hold out some people from the Unions as well chriskkenny Rubbish. Banks have been let off, brokers will be ruined, along with all the ancillary services. Consumers lose too as they’ll be without the benefit of quality advisers and will end up at the big 4. Check bank stocks v broking and aggregator stocks today. Farce of the century
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘We need to serve you better’: NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the organisation, despite scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, 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\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday.\n\nAt least 20 civil and criminal referrals have been sent to APRA and ASIC involving the Commonwealth Bank, NAB, ANZ and AMP.\n\n\n\n\n theheraldsun That would be as result of the slap on the wrist proposed by LNP theheraldsun Insider trading anyone?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
NAB boss defends taking long-service leave during royal commission | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn has defended his decision to take long-service leaving during the banking royal commission, saying it's 'unfair' to think a CEO can't take leave for their own physical and mental health.\n\nMr Thorburn has told Your Money host Ticky Fullerton that he is comfortable with his decision to take leave because he had ‘laid out a plan’ and had ‘an army of very good leaders’ to carry out the bank's strategy.\n\nThe royal commission report released on Monday slammed Mr Thorburn and NAB's chairman, former Treasury secretary Ken Henry, for not being willing to accept the necessary responsibility.\n\nVideo credit: Your Money\n\n\n\n He’ll get all he needs in Long Bay. Hahahahahahahaha (breath) Hahahahahahahaha. JohnRuddick2 Clearly John Ruddick has never met a senior figure in the banking industry. What rubbish.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
NAB chief executive can't confirm he'll keep his jobNational Australia Bank's boss Andrew Thorburn tells The Business he does not know if he will still be in the job by Friday, following the savaging he copped in the banking royal commission's final report. There's no certainty in Capitalism. Socialists like certainty, and find it disturbing when there is none. Poor guy. How will he repay his mortgage? He'll probably end up broke & rent a unit for his family along a train line using Newstart allowance... Or working in a warehouse 9hrs during the day and Ubering at night. I hope he has a phone so he can talk to his kids at night. .
Source: abcnews - 🏆 5. / 83 Read more »
‘It’s unfair’: NAB CEO’s whinge after cancelling leaveNAB CEO Andrew Thorburn has been grilled over his decision to take long service leave while the banking royal commission’s final report was being released. BOO FUCKING HOO Tone deaf. Again. Employ someone who will listen then!!!
Source: newscomauHQ - 🏆 9. / 77 Read more »