Royal Commission result:

[brian ross]

Oh, dear. This letter from the big banks helped shape the royal commission

[Bobby]

Two named, shamed and gone from NAB! It looks like Mike Baird might get the top job there though.

Yes -

https://www.abc.net.au/news/2019-02-07/ ... n/10790670


NAB CEO Andrew Thorburn and chair Ken Henry resign in the wake of banking royal commission
By Stephanie Chalmers, Stephen Letts and staff

Updated 19 minutes ago


Ken Henry says he and outgoing NAB CEO Andrew Thorburn are "deeply sorry", after both men announced their departures from the bank in the wake of criticism from royal commissioner Kenneth Hayne.
Key points:

Both men were singled out for criticism by commissioner Kenneth Hayne
Former ANZ executive Philip Chronican will be acting CEO
The bank had faced an unprecedented shareholder revolt at the end of last year

Mr Thorburn will leave at the end of the month, while Dr Henry will stay on in his role of chairman until a new, permanent chief executive is appointed.

In the banking royal commission's final report released on Monday, Mr Hayne said he had doubts that NAB had learned from its past mistakes, and criticised Mr Thorburn's characterisation of the fees-for-no-service scandal as "nothing more than carelessness".

"We're deeply sorry. We're saying we are deeply sorry," Dr Henry told ABC TV's 7.30.

"In our departures we are hoping that we will contribute to the development of a better industry that's capable of delivering better outcomes for customers.

"They shouldn't [take their business elsewhere] because NAB is demonstrating it's absolutely committed to building a better bank."