NAB

Former NAB super fund trustee NULIS Nominees has urged the High Court to reject a special leave application in a failed class action over $165 million in conflicted remuneration, saying the appeal is highly fact-specific and doesn't raise a matter of public importance.

A judge has slammed NAB for failing to comply with court orders in a negligence case against the bank, calling its actions "discourteous and unacceptable".

ASIC's Markets Disciplinary Panel has slapped NAB broker WealthHub Securities with a $1.055 million fine for failing to accurately report regulatory data. 

The Finance Sector Union has reached a resolution with National Australia Bank in a test case by four managers who were allegedly required to work "unreasonable" unpaid hours for years.

NAB has resolved a case by an employee who alleged an offer to work in the bank's Pitt St, Sydney branch was rescinded after her boss discovered she was pregnant.

NAB has sued a group of insurers alleging they are liable to indemnify the bank for a $64.25 million settlement and associated defence costs in a superannuation class action against units MLC and NULIS Nominees. 

The National Australian Bank says it will take a $130 million hit after issues with its payroll system led to staff being underpaid.

National Australia Bank and its home loan lender subsidiary have been ordered to pay a $15.5 million penalty after admitting to mishandling hundreds of customer hardship applications.

Big Four bank NAB has paid $751,200 for inaccurate credit data disclosures under the Consumer Data Right rules, the largest penalty to date for breaches of the regulations.

NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code.