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NAB foreshadows leadership changes
National Australia Bank has entered a trading halt ahead of announcing leadership changes.
The big banking group announced a pause on the Australian Securities Exchange shortly after 3pm and followed it up with a formal statement regarding impending leadership changes.
Speculation has swirled around the future of chief executive, Andrew Thorburn, following adverse references in the final report of the Royal Commission into Misconduct in the Banking Superannuation and Financial Services Industry.
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The best interests duty and new class of adviser didn't make the cut for the pre-election DBFO draft bill; however, ASFA has used its submission to outline what it wants to see from the final package.
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