Business
2,600 jobs on the line as NAB profits slides – Yahoo Finance Australia
The major bank recorded a 7 per cent dip in earnings amid Covid-19.
National Australia Bank has recorded a 7 per cent slide in profits across the third quarter, days after it was leaked that nearly 3,000 staff would be asked to reapply for their jobs under a major restructure.
The major bank recorded unaudited cash earnings of $1.55 billion for the third quarter – a 7 per cent dip compared to this time last year – with chief executive Ross McEwan citing Covid-19 challenges as the reason.
The Covid-19 pandemic continues to challenge our customers and our bank, …
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