AUD News 

National Australia Bank’s customer remediation bill doubles to $1.4 billion

“The bank said it would disclose the impact to its core capital ratio when it announces full-year earnings on Nov. 7” writes Midwest Communications Inc for Its core capital ratio was 10.4% at June-end, meaning the new charge again puts pressure on the bank to ensure compliance.To ensure compliance with a regulatory requirement to have a core capital ratio of 10.5% by January 2020, NAB this year cut its dividend for the first time in a decade, by 16%.

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