NAB’s ‘grossly deficient’ systems prompted ASIC’s second fees-for-no-service case, court hears

Financial Services 2020-02-18 2:10 pm By Miklos Bolza | Sydney

National Australia Bank’s “grossly deficient” systems and failure to swiftly bring its processes into compliance prompted ASIC to launch its second fees-for-no-service case against the bank, the Federal Court has heard.