Australia's National Australia Bank said on Monday it would end a profitabl...
FILE PHOTO: The logo of the National Australia Bank is displayed outside its headquarters building in central Sydney, Australia, Aug. 4, 2017. REUTERS/David Gray/File Photo
NAB interim Chief Executive Officer and Chairman-elect Philip Chronican said scrapping the referral payments to businesses such as sport clubs and accountants would help to regain customer trust after the inquiry found widespread wrongdoing across the financial sector. The government-backed inquiry heard that dozen of NAB bankers had falsified loan documents and signatures, and provided unsuitable loans to benefit from the scheme.
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