Chairman Elect and Interim CEO Starts the Remediation Process for NAB. FVE AUD 30 Unchanged
Chairman elect and interim CEO Phil Chronican has started the remediation process for wide-moat National Australia Bank. Even though we have confidence in the commitment, skill and capabilities of the new Chairman, the lingering question is, can Chronican and the eventual permanent CEO, deliver on the goal for “NAB to earn trust and build a culture that puts the customer first.†Following the very negative publicity during the Banking Royal Commission, it will take a long time to regain the trus...National Australia Bank provides banking services, credit and access card facilities, leasing, housing and general finance, international banking, investment banking, wealth management, funds management, life insurance and custodian, trustee and nominee services. Co.'s division include: Australian Banking, which provides products and services to retail and business customers; National Australia Bank Limited Wealth, which provides superannuation, investment and insurance solutions; and New Zealand Banking, which comprises the Retail, Business, Agribusiness, Corporate and Institutional and Insurance franchises in New Zealand. As of Sept 30 2016, Co. had total assets of A$777.62 billion.
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