Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-NAB Says will Keep Rural & Regional Australia Branches Open Until At Least Jan 2021

Published 18/12/2019, 10:23 am
© Reuters. BRIEF-NAB Says will Keep Rural & Regional Australia Branches Open Until At Least Jan 2021
NAB
-

Dec 18 (Reuters) - National Australia Bank Ltd NAB.AX :

* NAB HAS LOST A LOT OF TRUST AND SIGNIFICANT CHANGES NEED TO BE MADE.

* "WE HAVE TAKEN SOME IMPORTANT STEPS THIS YEAR BUT ACKNOWLEDGE THERE IS MUCH MORE TO BE DONE"

* "BOARD UNDERSTANDS THAT WE GOT EXECUTIVE REMUNERATION WRONG LAST YEAR"

* "AS PART OF COMMITMENT TO RURAL & REGIONAL AUSTRALIA, WE WILL KEEP BRANCHES IN THESE AREAS OPEN UNTIL AT LEAST JAN 2021"

* OF 39 ROYAL COMMISSION RECOMMENDATIONS THAT RELATE TO NAB, HAVE COMPLETED FIVE & WORK ON OTHER 34 IS IN PROGRESS

* SINCE JUNE 2018, HAVE RETURNED $276 MILLION TO CUSTOMERS THROUGH ABOUT 503,000 SEPARATE PAYMENTS

* MAINTAIN CLOSE & CONSTRUCTIVE RELATIONSHIP WITH AUSTRAC BUT KNOW THAT WE HAVE NOT ALWAYS MET 100% OF THEIR REQUIREMENTS

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.