NAB bites the bullet - and its retail shareholders
NAB has irritated retail shareholders by cutting dividends and announcing a $3.5 billion capital raising. But CEO Ross McEwan says decisive action is crucial.
Ross McEwan says NAB is confident it has the right numbers for the economic scenarios it has modelled.
“Will those scenarios be right? Guaranteed no,” he promptly told bank analysts.
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Jennifer Hewett is the National Affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
