Will Ken Henry resign in disgrace?

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Via Banking Day:

National Australia Bank has not done what it said it would do, such as putting customers right when the bank has done the wrong thing, its managing director Andrew Thorburn conceded yesterday.

In a social media posting in the wake of a harrowing week in the royal commission for the bank, the NAB CEO declared: “When we find a mistake, we fix it. And in this case we haven’t done that.”

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.