The CEO of NAB testifies at the Banking Royal Commission
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- čas přidán 10. 09. 2024
- [7.7] Andrew Thorburn, Managing Director and Group Chief Executive Officer of National Australia Bank (NAB), is being questioned over NAB's bonus schemes, why the bank has taken three years to resolve how it would repay customers for illegally charging them fees without providing services, the problem of licensed advisers and the lack of records, the Introducer Program home loans referral scheme, and more.
Recorded on 26 November 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Testimony held during the seventh round of public hearings at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, focusing on policy questions arising from the first six rounds.
Witness Statement:
bit.ly/2QzFXdW
Exhibits:
bit.ly/2QC4Zcq
Transcript:
bit.ly/2Pf6QiB
This video was extracted from the Royal Commission’s webcast archive and republished here as permitted under its Creative Commons Attribution 4.0 International licence. The source file, containing the raw archived webcast of the entire day of hearings, was trimmed to only retain the testimony of the above witness(es) and remove any breaks and offline periods of the webcast. For testimonies held over multiple days, separate source files would have been combined to create one consolidated video.
Video Source: bit.ly/2XBSBKh
Copyright information: bit.ly/2K2JMl2
Creative Commons license information: bit.ly/1rMF155
Whilst permitted under its Creative Commons licence, the republication of this content on CZcams is not officially endorsed by the Royal Commission nor the Commonwealth of Australia.
© Commonwealth of Australia 2018.
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Every effort has been made to comply with suppression orders or statutory provisions prohibiting publication that may apply to this judgment or decision.
If the parents of these executives are not ashamed of their children, then they should be ashamed of themselves. Whoring out our institutions to feed their greed and egos irrespective of the long term cost. Shameless.
That guy sitting behind the senior counsel probably got charged fee on his credit card
1:26:10
'Drift'
The money just drifted into NABs profit?
18% default interest and 20% credit card interest was just a 'drift'.
💯
I got so distracted with the guy wearing the bank reform tshirt trying to read what the exec next to him was writing.
Eyes forward mate
2 CEO's resigned after stealing from customers! Whoopee! Lock em up the filthy greedy pigs! U make me sick !
building a sustainable company with the money/instruments created by the customers signature /promissory note.
All of us have done nothing shameful?