RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (6.59%*) • Fixed: 5.39% (6.59%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.48%*) • Investment PI: 5.39% (6.59%*)

Video Archive

7.7 – The CEO of NAB testifies at the Banking Royal Commission

Views 19 Likes 0 Dislikes 0 Published January 1, 2021, 12:26 pm

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.

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Martin is the Managing Director of BeliefMedia Pty Limited, and Australia's leading Finance Marketing Specialist. He is supported by a team of Australia's finest. Read more about Marty here.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

7.7 – The CEO of NAB testifies at the Banking Royal Commission

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Martin Khoury

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