The Finance Sector Union has set the scene for a dispute with National Australia Bank over allegations NAB's financial planning staff did not witness beneficiary nomination forms in the presence of clients. read more
Work & career (82 items)
Click on the categories below to browse content classified within 'Work & career'.
Intriguing allegations relating to risk management at Westpac BT arm were aired in a civil proceeding last week. read more
The Australian Prudential Regulation Authority has approved the ANZ Group's new model for Australian residential mortgages, to be adopted from June 2017. read more
Instances of "false witnessing" by financial advisers employed by National Australia Bank have been aired by the Finance Sector Union and Fairfax Media.NAB employees, including Financial Planners and administrative staff, "have been given until the end of the month to self-report compliance breaches related to the witnessing of Nomination of Beneficiary forms." read more
When fronting investment types at the end of last week, Macquarie Group's CEO Nicholas Moore and CFO Patrick Upfold, conformists both, didn't tell much of any story on a 2017 full year result that fitted with the perspectives of many in their audience. So Banking Day's having a crack at combining the appreciation and accolades that the annual report (Moore's ninth) warrants.As Moore enters his tenth year as CEO, he is simply overpaid from any populist standpoint. His package last year was A$18.7 million. read more
From contested near-death experiences in 2008 to action stations in 2011 and then to this weekend's trooping of the colour of the newest bankers' Lamborghinis stashed with bonus lolly, it's been a heck of journey for Macquarie Group. read more