It was interesting the article did say these loans were given to foreign interests and that compensation may end up being given. Not a good look at all and I think all the big banks will be colored by this.
Apparently information on borrowers was given by third parties for these loans.
$$$$$$$$$$$$
The scandal surrounds the bank’s so-called Introducer Program. Under that program, NAB pays commissions to businesses, such as financial planning and real estate agencies, that refer customers who then take out a mortgage.
The information provided for the loan-approval process often came from the third-party referrers rather than the customers, Business Daily believes.
Many of the loans in question are believed have been given to overseas investors who bought property in the red-hot Victorian and New South Wales housing markets.
$$$$$$$$$$$$
http://www.heraldsun.com.au/busines...s/news-story/02ffffafd63866fbc2f3e4165471bbf3
NAB money laundering and counter-terrorist financing laws, page-2
-
- There are more pages in this discussion • 357 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$37.22 |
Change
-1.030(2.69%) |
Mkt cap ! $114.0B | |||
| Open | High | Low | Value | Volume |
| $38.28 | $38.37 | $37.12 | $214.2M | 5.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 869 | $37.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.31 | 617 | 2 |
View Market Depth
| Last trade - 16.16pm 22/07/2025 (20 minute delay) ? |
| NAB (ASX) Chart |