NAB warns big returns are gone
National Australia Bank chief executive Ross McEwan has declared the days of shareholders enjoying a high return on equity of about 15 per cent are in the past, and banks should look to better reward long-term customers.
Six months into his time as chief executive after the bank’s leadership purge last year, McEwan does not shy away from the challenges facing NAB, saying the bank is too complex and reforming its culture may take up to five years.
NAB warns big returns are goneNational Australia Bank chief...
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