NAB executive Geoff Green says the bank’s crude exposure to failed construction firm Walton was around $20m,but all the money would be recoupedThe National Australia Bank has been accused of covering its “backside” while allowing subcontractors and small businesses to recede to the wall after construction firm Walton failed in late 2013.
NAB faced a grilling on Wednesday before the Senate’s economic references committee, with Labor senator Doug Cameron declaring the bank had moved to protect its own interests while thousands of subcontractors and small businesses had “lost their arse”.
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Source: theguardian.com