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flag National Australia Bank faces $130M loss due to payroll underpayments, amidst CEO controversies.

flag National Australia Bank (NAB) announced a $130 million financial hit due to payroll errors that underpaid employees. flag The bank is reviewing its payroll systems and has started remediation for affected staff. flag Despite this setback and recent controversies around CEO Andrew Irvine, NAB remains optimistic about achieving over $400 million in productivity savings by the end of the 2025 financial year.

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