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
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NAB Sacks 20 bankers
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