The National Bank of Australia Has Cut Staff for Wrongdoings

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According to the bank management in Australia, it was a “difficult and shameful year” as many bank employees were involved in financial scandals and frauds.

The bank’s management stated that more than 1,200 employees were questioned about the internal security policy and its observance as part of an internal investigation. The total number of redundant staff amounted to 300 people. A spokeswoman for the bank declined to provide additional information about which department employees work in specifically.

Earlier, an investigation revealed that the asset management of the National Bank of Australia received allegations from retirees and other contributors for providing and falsifying financial consultations.