LIAR LOANS I wonder if NAB would have taken this action had the...

  1. 17,482 Posts.
    lightbulb Created with Sketch. 1
    LIAR LOANS
    I wonder if NAB would have taken this action had the regulators not been on their case recently.
    Is this perhaps a catalyst for the bank to reduce its workforce?
    Congrats to the media for staying on the banks.

    National Australia Bank sacks 20 bankers, punishes 32 more in scandal over suspect home loans


    Jeff Whalley, Herald Sun
    November 16, 2017 7:22pm

    NATIONAL Australia Bank has revealed it reported some of its staff to police after learning bankers issued 2300 home loans based on inaccurate and incomplete documentation.
    The lender has sacked 20 bankers and taken action — including pay cuts — against another 32 staff embroiled in the scandal over suspect loans.
    NAB lifted the veil on the scandal on Thursday after quietly investigating the loans during a two-year process that involved talks with the corporate regulator.

    http://www.heraldsun.com.au/busines...s/news-story/02ffffafd63866fbc2f3e4165471bbf3
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.