kate_eviva Why are we surprised when people are attracted to a career that is purely about gathering money for themselves .. turn out to be primarily interested in gathering money for themselves? Just use credit unions people! Banks only enrich bankers.
How much? Lol
Can’t see that this man will not get jail time.
The thing is, 'rorted' doesn't sound quite the same as 'embezzled' or 'stole'. Why do you use one set of language for white collar crime and another set for everything else?
juliecorb Was the $0.5MILLION repaid? Did the perpetrator go to jail? What responsibility did Thorburn accept besides his admission to SLOPPY management?
NAB is rotten to the core.
'Two NAB insiders have said that they both had concerns about a culture of largesse and extravagant spending that became normalised inside Mr Thorburn’s office' NAB must act to clean out their executives starting with Andrew Thorburn and Ken Henry. newscomauHQ 9NewsMelb 3AW693
'Two NAB insiders have said that they both had concerns about a culture of largesse and extravagant spending that became normalised inside Mr Thorburn’s office' The royal commissioner was right NAB has not and will not learn any lessons until Andrew Thorburn & Ken Henry are gone.
NAB again front and centre. It's clear that a broom needs to go through NABs executves, top of the list is Andrew Thorburn and Ken Henry. Their aggressive and arrogant behaviour is clearly the norm at NAB. The NAB board must act or customers beware. NAB SkyNewsAust 9NewsMelb
Make rosemaryrogers and HelenRosamond pay it all back. They definitely need jail time for these rorts! And Thorburn needs to go! I’m refinancing everything from NAB ASAP!!
$500k for a holiday!!! My house isn’t worth that much. And last year our Euro-US holiday cost us about $10k all up. Must be good to be king, as they say.
Enjoy your next holiday.
Sack him! 9NewsAUS FinancialReview
It just gets better.
Why investigate bankers who steal? when a Politician steals taxpayers money, nothing but crickets.
Why isn’t she in jail?
Cut all his perks and lurks and chop off his big bonus and his Zillion dollar entitlements.
Corporate crime deserves a Prison term..
Can these people sink any lower
Holiday - 1/2 million- WTF - was he eating gold?
Thorburn and Ken Henry must go on be sacked! They oversaw the many failings of the bank and did nothing to stop it! The only hope for the NAB is to install Mike Baird as CEO! He will put in place the proper processes, procedures and outcomes that restore confidence!
She ate most of it..
She's a fat cow isn't she!
Great corporate governance.
And my children’s father had to fight tooth and nail to receive his TDP after an MS attack that left him unable to work. These people are pure evil. bankingRC
Sounds legit
Why not it wasn't his money Ralph.
What's the bet that he and his wife will get off virtually untouched and with a luxury retirement.
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NAB CEO cancels long-service leave after criticism from the banking royal commissionNational Australia Bank chief executive Andrew Thorburn has cancelled a period of long-service leave after criticism from the royal commission. Bit of luck he’ll get some long-service leave curtesy of the state. Bring on Mike Baird he will bring credibility to NAB after he walked out of Premier when it all got too hard DigbyHughes auspol nswpol RoyalCommission I think Thorburn's tenure will be short.I have had big issues in my company,3 loss making years and 1 break even we have returned to profit,but I have not taken a day off in that time because it is my responsibility.That is what I as CEO am paid for
Source: theage - 🏆 8. / 77 Read more »
Andrew Thorburn's former chief of staff allegedly rorted $500k for a holidayPolice investigate if shoddy oversight in the office of the NAB boss enabled a staffer and a contractor to pull off a suspected multi-million dollar fraud. Looks like the holiday was spent at McDonalds Wow! Some holiday !! Wow wee! No wonder we have no trust in the banks.
Source: smh - 🏆 6. / 80 Read more »
‘We need to serve you better’: NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the organisation, despite scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, Commissioner Kenneth Hayne said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday.\n\nAt least 20 civil and criminal referrals have been sent to APRA and ASIC involving the Commonwealth Bank, NAB, ANZ and AMP.\n\n chriskkenny Wait until the rc into Newscorp. You might be in some strife auspol chriskkenny Nothing happened as a result of the exposures in the Union RC If it happens here then it really is time to revisit and hold out some people from the Unions as well chriskkenny Rubbish. Banks have been let off, brokers will be ruined, along with all the ancillary services. Consumers lose too as they’ll be without the benefit of quality advisers and will end up at the big 4. Check bank stocks v broking and aggregator stocks today. Farce of the century
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘We need to serve you better’: NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the organisation, despite scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, Commissioner Kenneth Hayne said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday.\n\nAt least 20 civil and criminal referrals have been sent to APRA and ASIC involving the Commonwealth Bank, NAB, ANZ and AMP.\n\n\n\n\n theheraldsun That would be as result of the slap on the wrist proposed by LNP theheraldsun Insider trading anyone?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
NAB CEO cancels long-service leave after criticism from the banking royal commissionNational Australia Bank chief executive Andrew Thorburn has cancelled a period of long-service leave after criticism from the royal commission. clancyyeates It seems even though he knew the BRC was happening, he still thought it would all blow over and he could pop off for a holiday..... thats confidence clancyyeates Maybe there is an option for a longer type of leave...... clancyyeates And will he lose any salary? What are this guys KPIs? Does he get a bonus for incompetence?
Source: smh - 🏆 6. / 80 Read more »
NAB bosses 'cop scathing criticism' in banking royal commission | Sky News AustraliaThe banking royal commission has given 76 recommendations in total that cover banks, superannuation, mortgage brokers and financial advisors.\n\nThe final report gives 22 referrals of 19 banks and other financial institutions to Australian Securities and Investments Commission and Australian Prudential Regulation Authority, which may lead to criminal prosecutions.\n\nSky News host David Speers says the report does not ‘name names’ of who should be criminally prosecuted but the NAB CEO Andrew Thorburn and chair Dr Ken Henry ‘copped some scathing criticism’, saying they were the most criticised individually.\n\nBanking royal commissioner Kenneth Hayne QC says he not persuaded the NAB is willing to accept responsibility for deciding the right thing to do in the future and requiring their staff to act accordingly. \n\n As a former employee that doesn’t surprise me at all. Ken Henry! The Liberal finance God Surely not Labor’s fiscal guru and godlike pin up boy Ken Henry 😱 Media say nothing
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘It’s unfair’: NAB CEO’s whinge after cancelling leaveNAB CEO Andrew Thorburn has been grilled over his decision to take long service leave while the banking royal commission’s final report was being released. BOO FUCKING HOO Tone deaf. Again. Employ someone who will listen then!!!
Source: newscomauHQ - 🏆 9. / 77 Read more »
'We need to serve you better': NAB CEO | Sky News AustraliaNational Australia Bank chief executive Andrew Thorburn is confident he can oversee necessary changes to the firm, despite receiving scathing comments in the banking royal commission’s final report.\n\nSingling out NAB, Commissioner Kenneth Hayne said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\nMr Thorburn says in a video posted to Twitter that it's clear ‘we need to rise and serve you better’.\n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released on Monday. \n\n\n\n\n\n NAB AndrewThorburn another victim of the BankingRc - where can I send the flowers. NAB AndrewThorburn NAB AndrewThorburn I can’t just dismiss the crew on the yacht. And what happens to all that food and booze?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Financial institutions face possible charges following final banking royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n RichardDiNatale A man with no empathy. Politicising natural disasters while they’re still happening is just not on. Why is your excuse of the fires in the early 1900’s, 1930’s. They definitely weren’t caused by digging up coal. Is Richard trying to be relevant? What has Richard got to say about Greens bullying allegations? auspol skynews abc RichardDiNatale Need a regulator with teeth? That sounds like a Marxist crocodile to me. What needs to happen is the culprits are punished to the full extent of the law. Imprisoned. The laws are adequate but the courts aren't.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Financial institutions face possible charges following royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »