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Philip Chronican will replace Ken Henry following public inquiry into misconduct
Police say allegations relate to corrupt commissions paid for A$40m in contracts
Australia’s banks scramble to adjust as fallout from financial sector inquiry spreads
Inquiry found NAB charged A$100m in fees to customers without providing any service
Bank has sought to rebuff criticism in wake of Royal Commission report
CBA sacks staff and sets new rules after royal commission into misconduct
New remuneration policy to bolster executive accountability following scandals
Australian bank to cut 12% of workforce in favour of AI and digital systems
NAB also sells 80% of life insurance unit to Japan’s Nippon Life for A$2.4bn
Stagnating loan growth and declining margins could add to poor macro backdrop
Rights issue to bolster tier one capital ratio to allow Clydesdale and Yorkshire withdrawal
US private equity group buys risky property loans from RBS and NAB
Lender seeks to speed up exit from UK to focus on core Australia and New Zealand markets
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