Panic in face of pressure, or does board know more?
Yesterday’s extraordinary action at NAB begs the question: what more does the bank know about leadership team?
Bank Inquiry
Mortgage brokers plead for mercy in battle to retain trailing commissions
Mortgage brokers hope to convince both sides of politics to back away from a ban on trailing commissions.
NAB starts global search for CEO
NAB will embark on a global search for a new CEO, but internal contenders are also expected to be among the candidates.
A ‘sad, important day’: Thorburn
After 48 hours of “deep reflection”, NAB’s outgoing chief says he hopes the bank will go on to be great without him.
NAB panicked in face of pressure
After serving the bank well for many years, Thorburn and Henry were dumped after just three paragraphs in Hayne’s report.
NAB in turmoil as chiefs exit
Ken Henry apologised for NAB’s failures as the bank announced his retirement and axed CEO Andrew Thorburn.
Hayne trade probe despite doubts
Regulators will likely be forced to test claims of insider trading on leaked Hayne report details despite internal scepticism.
Westpac downplays ASIC rift
Westpac’s CEO says Hayne’s suggestion of a combative relationship with ASIC relate to past events.
AMP replaces head of wealth
The AMP exec who admitted AMP had charged dead people has been replaced as head of its wealth unit.
The politics of lending
Josh Frydenberg should realise he’s not going to be able to do anything about a credit squeeze from the opposition benches.
Banks give credit where it’s due
Talk of a credit squeeze has been vastly overstated, says the banking sector — a view fully supported by the Reserve Bank.
Comyn seen as face of change
CBA chief Matt Comyn has cleverly positioned himself as a new face open to change and ready to adopt the Hayne religion.
Thorburn’s hefty exit fee
What sort of farewell cheque will NAB boss Andrew Thorburn get now the board has decided the CEO should walk the plank?
It starts at the top: RBA chief
RBA chief says bank accountability starts at the top, but leaves it others to “speculate on what that means”.
‘I may not last the week’
Under-siege NAB chief Andrew Thorburn concedes there are no guarantees he’ll last out the week.
Time to earn the big bucks
It is remarkable that Kenneth Hayne singled out just one bank chair, Ken Henry, and his chief executive, Andrew Thorburn.
Banks enjoy Hayne bounce
Scott Morrison has rejected Labor’s move to wedge the government over extra sitting days to debate Hayne findings.
Ticking boxes lifts costs for taxpayers
Compliance and bureaucracy have been the big winners, along with the banks and wealth giants.
NAB to transform, Thorburn vows
Embattled NAB chhief Andrew Thorburn is planning to jolt the bank out of its cultural malaise before the end of the year.
CBA heads list of Hayne’s villains
Australia’s biggest bank, the Commonwealth, is also its dirtiest, racking up a dozen breaches in Kenneth Hayne’s final report.
O’Dwyer tests Shorten resolve
Kelly O’Dwyer has increased pressure on Labor to pass stalled legislation aimed at driving out underperforming super funds.
Broker crackdown to hit consumers
Consumers will lose out if a ban on trail commissions for mortgage brokers is adopted, say industry leaders.
NAB bosses dig in: we’ll fix culture NAB boss digs in as bank shares bounce
National Australia Bank chief Andrew Thorburn has vowed to stay in his role and revisit the bank’s plan to fix its culture.
Banks surge after royal pardon
Major banks staged their biggest rally since the GFC amid investor relief about the royal commission recommendations.
Broker overhaul ‘a win’
Consumer advocates claim borrowers will no longer be shunted into super-sized loans if the government adopts a Hayne proposal.
It wasn’t broken, so Hayne didn’t have to fix it Banking wasn’t broken, so Hayne didn’t have to fix it
Hayne was only meant to examine misconduct, yet the market expected him to fix an industry that actually wasn’t broken.
‘We’re the lucky ones’
Banking royal commission gave evicted farming couple the sense they were not alone in their fight for survival.
Finally going for brokers
Mortgage broking became a huge industry with no legal requirement for advisers to act in clients’ best interests.
Hayne brings the mortgage pain
Hayne appears to have used an axe on the mortgage broking sector when a scalpel would have done the trick.
NAB chiefs must ‘reflect’: PM
PM stops short of calling for NAB resignations, but says Hayne’s sharp criticism means its CEO and chair must ‘reflect’.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/4