NAB pay report to be slammed in protest vote, chairman Ken Henry admits "we got it wrong"

National Australia Bank is bracing for a massive shareholder backlash as investors vent their anger over fallout from the financial services Royal Commission. 

Chairman Ken Henry has axed the current executive pay structure but predicted that 80 percent of shareholders would vote down the remuneration report. 

ABC's Peter Ryan says the banking regulator APRA has unexpectedly remove limits on investor lending imposed last year to cool hot real estate markets in Sydney and Melbourne.

Here's my report