NAB (561 items)

Briefs: Co-op Money NZ boss Lynch departs, AMP CEO Craig Meller to leave, New policy targets for RBNZ, BNZ bails on quake damaged HQ, VW Financial sells ABS notes

Co-op Money NZ, the industry association for credit unions and mutual building societies said that that its chief executive officer, Henry Lynch, will leave the organisation next month after almost eight years. read more

Training failures 'a root cause' of misconduct

A number of causes of misconduct "are attributable to the culture and governance practices … as well as its risk management, recruitment and remuneration practices," at NAB in this case, as it happens, Rowena Orr told the Hayne royal commission on Friday."Another cause of the misconduct was the inadequacy of NAB's policies and processes for the training of bankers," Orr said. read more

Orr wheels drive hard for breacheads

A merciless finale on Friday from lead counsel assisting Rowena Orr has produced the first of many catalogues of misconduct in banking that will form one pillar of the work of the Hayne royal commission this year. One theme is clear: Hayne and his team are ready to confront the banks, but CBA and Westpac were poorly prepared, with both banks offside with Hayne and Orr by the end of last week.  read more

Royal Commission uncovers link to NAB boardroom

A selection of National Australia Bank's Board members from 2015-2016 may well find themselves fronting the Royal Commission into banking industry misconduct after counsel assisting Rowena Orr was handed newly discovered minutes of a meeting with NAB's chief risk officer and the Board's risk committee, dated 4 November 2015. read more

NAB's mortgage victims kept waiting for redress

The examination of NAB's executive general manager for broker partnerships by the Royal Commission into banking industry misconduct continued yesterday until lunchtime. Anthony Waldron told the hearing that NAB had so far identified 1360 people "potentially impacted" by the dishonest conduct of its staff. read more

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