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Market Chatter: National Australia Bank Lays off Senior Bankers From Corporate, Investment Banking Segment Amid Restructure, AFR Says

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National Australia Bank (ASX:NAB) decided to lay off senior bankers from its corporate and investment banking segment, including those with day-to-day contact with biggest clients, the Australian Financial Review reported late Tuesday, citing unnamed people briefed on the matter.

The bank changed or canned the roles of almost 68 bankers as of Monday, the report added.

According to the report, an NAB spokesperson told AFR that the layoffs are a part of previously disclosed plans of "integrating origination and sales activities."

The bank did not immediately respond to an emailed request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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