Original article by Richard Gluyas
The Australian – Page: 25 : 11-Nov-16

When the CEOs of Australia’s four major banks appeared before an economics committee in October 2016 they revealed that no senior executives have been sacked over scandals that have plagued the sector. National Australia Bank has sacked 43 financial planners, while Westpac has sacked 139 of the 885 employees it has investigated for potential breaches of its code of conduct. Meanwhile, just 16 of the employees that have been dismissed by the Commonwealth Bank were executive managers.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMINSURE, AUSTRALIA. HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON ECONOMICS, FINANCE AND PUBLIC ADMINISTRATION, LIBERAL PARTY OF AUSTRALIA