The inside story of NAB's disastrous week
![Ken Henry and Andrew Thorburn resign from NAB in the wake of Kenneth Hayne's banking royal commission report. David Rowe ...](http://web.archive.org./web/20190209011555im_/https://www.afr.com/content/dam/images/h/1/a/z/t/0/image.related.afrIndexLeadWide.460x260.h1axuz.gshfrb.png/1549623728240.jpg)
How NAB's top bankers Ken Henry and Andrew Thorburn went from toughing it out to walking the plank in a few furious days for the under-fire bank.
How NAB's top bankers Ken Henry and Andrew Thorburn went from toughing it out to walking the plank in a few furious days for the under-fire bank.
Mortgage brokers cracked open the bank monopoly in the 1980s and then went on a three decade tear. Kenneth Hayne threatens to ruin the party.
The banking royal commission isn't just about bank CEOs. Get set for changes to how you pay your financial planner, get a new mortgage and what you do with your super when you move jobs.
The crisis of leadership at NAB, which saw the chairman Ken Henry and CEO Andrew Thorburn resign this week, ought to prompt the bank to learn the lessons of the past 20 years.
The private wealth division of Macquarie Group has been hit by more departures, this time the head of wealth management Bill Marynissen and head of wealth advice Rob Johnston.
NAB's acting chief executive Phil Chronican has dug in over the bank's controversial strategy to automate and simplify the bank as investors urged the board to pick an outsider as CEO.
It has happened almost in the blink of an eye. From the US Fed to Iceland, the global monetary policy reset looks to have done its dash.
AGL investors are paying the price as the country's highest-profile utility tries to balance its profits with government pressure to cut power prices.
Newly listed supermarket giant Coles Group has cemented its position in the top end of town, announcing it will join the Business Council of Australia.
Ken Henry's royal commission appearance has cost him dearly, but NAB's cultural problems were the bigger issue.
Phil Chronican, veteran banker, All Blacks supporter, keen cyclist and acting NAB chief executive, demurred this week when asked if he wanted to be bank's chairman.
Locally owned contractors are fed up with seeing Australia's biggest projects being built by foreign-owned companies.
US stocks ended virtually unchanged after a tech-led rally in the final minutes of trading salvaged the session.
German bunds a better bet than US Treasuries because the current cost to hedge currency risk is prohibitively expensive.
Iron ore prices are likely to remain elevated and volatile in the near term, according to Goldman Sachs.
Traders piled into the greenback in a safe-haven move on worries about a weakening global economy.
The RBA is becoming more anxious that an accelerating property market downturn could derail household spending and business investment just as risks from a global slowdown are on the rise.
Managing expectations and perceptions, let alone actual information, can be particularly complicated when a federal election is looming.
The NAB chief presented a different sort of leadership style, even if what he saw as his personal strength came back to bite him.
The biggest cost a bank incurs when selling home loans is the fees paid to mortgage brokers. Labor's policy of banning these payments will save the banks a fortune, writes Christopher Joye.
Brace yourself for more aftershocks as the Hayne final report bounces around a febrile political environment.
Labor is keen to linger on the revelations of the Hayne royal commission, while the Coalition is betting we will all move on fairly quickly.
ASIO ordered the cancellation of Chinese billionaire Huang Xiangmo's residency in Australia because he was "amenable to conducting acts of foreign interference".
The government is itching for a fight on boat people but Labor may deny them one, after Bill Shorten agreed to accept a security briefing on Kerryn Phelps' medical evacuation bill.
A public hearing into the Labor party's plan to end dividend tax refunds descended into chaos on Friday amid claims the inquiry was a Liberal party "scam".
Defence Minister Christopher Pyne expects more banking CEOs to quit, saying the royal commission's evidence had been damning.
What's unsettling is that the far-left's hostility is now being mainstreamed by the not-so-far left, writes Bret Stephens.
Thailand's Princess Ubolratana Rajakanya was named the prime ministerial candidate for a party linked to former premier Thaksin Shinawatra in one of the country's biggest political upheavals.
Amazon chief executive Jeff Bezos accused the National Enquirer and its publisher David Pecker of extortion and blackmail, stepping up a war of words with a confidant of US President Donald Trump.
British and EU officials will resume talks, likely delaying a parliamentary crunch vote until later in February - but Australian exporters are in need of certainty by next week..
Two large banks in the Southeastern US will combine assets, the biggest American bank merger since the 2008 global financial crisis.
The biggest cost a bank incurs when selling home loans is the fees paid to mortgage brokers. Labor's policy of banning these payments will save the banks a fortune, writes Christopher Joye.
It's important to have an investment strategy that deals with events like the royal commission and possible changes to dividend imputation rules, writes John Wasiliev who answers your questions on superannuation.
Falling fixed mortgage rates – and the likelihood that variable rates could soon follow – create new opportunities for borrowers considering the fastest, cheapest and most convenient way to pay down a loan.
The independent MP for Wentworth doesn't like talking about herself, but she is confident her lifelong role as a change agent will help deliver more shock election outcomes, she tells Lunch with the AFR.
Andrew Donaldson has pleaded to be spared jail, arguing no one lost money because of him, and his personal and financial situation is dire after delays in prosecution.
Australia's biggest defence exporter is loading its ranks with women to overcome a skills shortage in the shipbuilding industry.
I wonder why executives weren't traumatised so much earlier when they knew that they were overseeing business operations in which misconduct was an integral part, writes Graeme Samuel.
Big pharma executives ignoring AI are "clueless, rudderless, and asleep at the helm".
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