The most recent NAB advertisements is an open admission by the NAB that they have been colluding with the other banks for years in respect to fees and exit charges associated with lending products.
The NAB campaign states very clearly that the NAB , has openly worked in conjunction with the big 4 banks .
Something I understood to be illegal .
BUT now its all ok , the NAB has broken away from the other 3 , and resigned their club membership .
More concerning is that the NAB now suggests we should quit our dealings with the other banks in an extention of this ad campaign , and switch to them , because they believe in open and clearer dealings than the other banks .
Will be interesting to see if the ACCC makes any comment about the NAb admissions .
NAB Price at posting:
$24.35 Sentiment: Sell Disclosure: Not Held
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