The National Australia Bank is slashing branch opening hours across the country as it moves more services online. 114 regional banks will have their operating hours wound back, with many to shut at 12:30pm instead of closing later in the day. www.7NEWS.com.au #NAB #7NEWS | 7NEWS Sydney
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The National Australia Bank has agreed to pay a $49.5M settlement over allegations it sold junk insurance to tens of thousands of vulnerable customers. Law firm Slater and Gordon filed the class action last September. It's alleged NAB sold insurance to customers who were ineligible to claim, or unlikely to benefit, from the policy. The settlement, which is the first of its kind in the wake of the banking royal commission, is expected to be distributed to up to 100-thousand customers. www.7NEWS.c
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A final report into Australia's banking royal commission has been released
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More of Australia's big banks have moved to pass on this week's interest rate rise as new data shows most borrowers are still holding-on and keeping up with loan repayments. The NAB has phoned 7,000 of its most at-risk mortgagees, and claim just 13 of them said they were struggling. 7NEWS at 6pm. More local news: 7news.com.au/news/sydney #Property #InterestRates #7NEWS | 7NEWS Sydney
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Big four banks caught up in cyber breach
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