News

Australia's NAB flags $85 million cost increase as staff underpaid

National Australia Bank warned its full-year expenses would be up to A$130 million ($84.7 million) higher after it discovered ...

Australia's NAB posts marginal rise in third-quarter cash earnings as margins improve

National Australia Bank reported a slight increase in third-quarter cash earnings on Monday, supported by improved margins ...

NAB Flags Higher Costs as Credit Impairments Hit Profit

National Australia Bank flagged higher annual operating costs due to continued payroll problems, while a steep rise in credit ...

NAB reveals it has underpaid staff, will take $130m hit this year

NAB said it will take a $130 million hit to ‘identify, rectify and remediate’ payroll issues and costs could rise further.

NAB to take $130m hit on fresh payroll pain

National Australia Bank’s chronic payroll issues will cost the lender $130m this year — and possibly more — as it battles to ...

‘I’ve made adjustments’: NAB’s Irvine weathers storm with solid numbers

After a horror month, NAB chief executive Andrew Irvine wants the focus back on the bank’s performance. But his solid June ...

NAB to Review Staff Pay as Bank Hit With $85 Million Costs

National Australia Bank Ltd. said it will incur A$130 ($85 million) of costs and initiate a broader review into its payroll system after uncovering that a range of staff benefits are not being ...