Share

Share

NAB welcomes ASIC ban against former banker

NAB welcomes ASIC’s decision to ban a former NAB banker who was investigated by ASIC for loan fraud.

ASIC today announced its decision to permanently ban Mr Matthew Alwan from engaging in credit activities and providing financial services.

Mr Alwan was terminated from his employment with NAB in November 2015 and NAB reported Mr Alwan to ASIC in early 2016.

The ban follow NAB’s announcement of a remediation program for home loan customers in November 2017, after an internal review found some home loans may have been submitted with inaccurate customer information and/or documentation, or incorrect information in relation to NAB’s Introducer Program.

Announcements

SEE ALL TOPICS

Related Articles

  • Media Release

NAB partners with Plenti for secured auto/EVs and renewables lending

NAB has agreed to enter a strategic partnership with fintech lender Plenti Group Limited.

  • 28.11.2023
  • Time to read 1 min read
  • Superannuation

Super Funds continue to increase allocation to international assets: NAB report

Australian Superannuation Funds are edging closer to 50% allocation to international assets as they seek diversification and attractive risk-adjusted returns, according to the NAB Super Insights Report 2023.

  • 27.11.2023
  • Time to read 2 min read
  • Personal finance

Stream less, spend less – younger Aussies hit pause on subscriptions

Gen Zs and younger Australians are saving more than $76 each month by cutting back on streaming services as well as other subscriptions, totalling more than $900 each year in savings.

  • 16.11.2023
  • Time to read 2 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.