National Australia Bank profit tumbles 14 per cent on misconduct remediation costs

National Australia Bank has joined its other big four bank peers in announcing a 2019 profit ravaged by the costs of re mediating years of misconduct. 

NAB's full year profit is $4.78 billion is 13.6 percent lower and dragged down by $1.1 billion in remediation costs. 

NAB interim chief executive Phil Chronican tells ABC's Peter Ryan there are no guarantees about more ticking time bombs.