The National Australia Bank has entered a trading halt as it prepares to announce leadership changes, fuelling speculation that its CEO, chairman or both will leave their positions.
CEO Andrew Thorburn and chairman Ken Henry were issued a scathing rebuke by Commissioner Kenneth Hayne in the financial services royal commission final report when it was released on Monday.
Now one or both look likely to exit the bank.
More to come.
Watch The Australian’s Will Glasgow discuss the moves above and see the Your Money livestream for rolling coverage: https://www.yourmoney.com.au/watch/live/