Business
NAB lifts customer payout bill, makes flexible work permanent – The Age
NAB has expanded its remediation bill and plans to make flexible work permanent in a series of expenditures that will impact its half-year financial earnings.
NAB allocated $245 million to compensate customers who had been sold poor advice or mischarged adviser service fees, and said the total bill could grow, indicating a likely hit to the bank’s earnings for the second half.
The bank also became the first major financial institution to formalise flexible working arrangements, announcing it had set aside $138 million to modify its Melbourne offices as more staff choose to work from home permanently.
The bank mothballed its Melbourne Docklands headquarters…
-
Business21 hours agoWhy is Alphabet stock worth less than Nvidia, Microsoft, Apple, and Amazon even though it is the most profitable S&P 500 company?
-
Noosa News20 hours ago‘Sunny, benign’ school holiday weather after morning showers in parts of Queensland
-
General15 hours agoDeveloper warns wind energy capacity may not be ready by WA coal deadline
-
Noosa News17 hours agoTips to improve engagement – Proctor