Lots of regulatory problems. RBNZ problems with money laundering concerns related to NAB’s BNZ. New AUSTRAC CEO taking a look.
NAB has problems with fraud, see the Rosemary Rogers
NAB is The next Crown Casino/ Star Entertainment Group of the Australian banking industry down there.
Very high risk.
They are going to need a larger army to get them out of this one or they may suffer what Bank of QUeensland has suffered and of course Westpac with its paedophile banking saga that has eroded almost half Westpac’s value.
NAB Price at posting:
$33.15 Sentiment: Sell Disclosure: Not Held
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