News Formal

NAB chief admits banks' drive for profit helped create industry crisis

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Executive and director pay has been slashed and reforms made to bonuses after NAB hit with lawsuit on Tuesday

The new chief executive of NAB has admitted the hunt for quick growth has helped create a crisis in the Australian banking industry over its mistreatment of customers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'helped' = trivialization of corruption 101

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines