The reported move follows other banks' efforts to slash costs amid higher inflation and interest rates.
is preparing to axe about 60 jobs from its markets division as part of a major restructuring operation, according to reports.
The move will affect 10 per cent of the 600 staff at the markets division within the bank's corporate and institutional banking unit, theNAB, the nation's second-largest bank, would start the layoffs as early as this week but is yet to announce the changes internally, the report said.If confirmed, it would mean the NAB follows competitors Commonwealth Bank of Australia and Westpac in shedding jobs to cut costs amid rising inflation and interest rates.
"If change occurs that impacts roles, our priority is to ensure we provide care and support to those individuals impacted." In July, the NAB announced its lowest-paid workers would receive a 17.5 per cent pay raise over the course of three years under a new pay deal.
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