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NAB takes $1bn software hit to bottom line – Finance – Cloud – Software- Tempemail – Blog – Emails

Incoming Tempemail Australia Bank chief executive Ross McEwan has wasted no time cleaning out the bank’s sprawling technology estate, kicking a whopping $1,056 million worth of software capitalisation to the curb ahead of first half results. The staggering amount was unleashed to the markets on Monday morning, dwarfing a $268 million pre-tax customer remediation charge […]