Finance Minister tells NAB to respond to bombshell Ken Henry revelations

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Mathias Cormann has called on the National Australia Bank and its former chairman Ken Henry to immediately respond to revelations they knew some of the bank's financial products were ripping off customers | CroweDM

based on leaked documents including minutes of meetings held between NAB directors and executives and their auditing firm EY.

“All those who were involved should explain themselves as part of restoring confidence,” Senator Cormann said on Friday morning. Senator Cormann left open the government response to Labor's call for a wider inquiry into whether the banks have acted on the royal commission findings, saying he would not make “ad hoc” comments on the matter.Labor MP Deborah O'Neill has called for a parliamentary inquiry into the auditing sector on the grounds the controversy around NAB and EY added to concerns about the management of conflicts of interest.

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CroweDM EXPLAIN THEMSELVES! They SHOULD BE CHARGED WITH CRIMINAL FRAUD/THEFT! FFS if private person, small corporation, was stealing from customers, or Government THEY GO TO JAIL SO SHOULD bankers. Australia our politician s Lack courage. WON'T stand up for us! NAB criminals, LNP?

CroweDM Of course they knew as do the other banks they all know they just greedy grubs

CroweDM ...and when Ken Henry responds, what will Mathias Cormann do?,

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