Browsing Tag
Andrew Irvine
2 posts
NAB is cutting 2,500 jobs. Why is Australia’s biggest business bank shrinking now?
National Australia Bank will remove up to 2,500 internal roles and sharply reduce consultants as Andrew Irvine simplifies corporate functions, senior management and decision-making ahead of a tougher banking environment.
National Australia Bank (ASX: NAB) shares fall 4.6% as A$1.8bn cash earnings collide with mortgage slowdown
NAB cash earnings rose to A$1.83bn, but a 15% fall in mortgage applications and higher watch loans sent ASX: NAB down 4.6% as credit risks emerged.