Recent events
Recent events tied to this brand in public sources.
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2026
NAB delays planned staff redundancies
National Australia Bank backed down on its plan to make more than 1,500 staff redundant before Christmas and agreed to keep workers facing involuntary redundancy, including those unable to find other roles at the bank, until January 27 following public and political backlash.
2026
NAB announces planned workforce cuts
National Australia Bank announced that 1,500 jobs are expected to be cut before the end of 2026 and 2,500 staff are set to go over the full financial year. The bank said the changes were designed to improve efficiency and would have no material impact on customer-facing positions.
2026
NAB decision to cut 2,500 jobs
National Australia Bank decided to cut 2,500 jobs. Two Labor Party senators criticized the decision, challenged the bank’s assurances that the cuts were unrelated to artificial intelligence, and criticized its offshoring of technology roles.
2020
NAB agrees to sell BNZ Life to Partners Life
National Australia Bank agreed to sell its New Zealand life insurance business, BNZ Life, to Partners Life for NZ$290 million. The sale remained subject to regulatory and other approvals, with completion expected in late 2021.
2020
NAB launches StraightUp credit card
National Australia Bank announced the launch of its no-interest NAB StraightUp credit card, which offers customers credit of up to $3,000 for a monthly charge.
2020
Class action filed over NAB pension trustees’ management
A class action lawsuit against the National Australia Bank group alleges that its subsidiaries MLC Nominees and NULIS Nominees mismanaged pension assets and breached duties to beneficiaries. The allegations include leaving default members in products with unnecessarily high fees and paying commissions that were banned in the low-cost MySuper product; the article reports allegations, not a court determination.
2019
NAB reports revised customer count for July data breach
NAB’s annual review reported that the number of customers affected by its July 2019 data breach was 11,500, revised down from 13,000. The breach followed human error that led to personal information being uploaded to two data service companies’ servers.
2019
BNZ online banking outage affects customer access
NAB’s report described a September hardware failure in New Zealand that triggered a database issue and left customers unable to access BNZ online banking channels for two hours; resolution took several days and a further outage on 5 September caused additional disruption.