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NAB repays staff as Commonwealth Bank faces hidden-fee allegations

9 News Australia reports on underpayments and a Federal Court case as MPs question other major bank chiefs over profits and housing affordability.

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9 News Australia Story of November 13, 2026Trari Newsroom

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Two big banks having a bad day | 9 News Australia

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NAB has paid about $170 million to tens of thousands of underpaid staff, while Commonwealth Bank faces a Federal Court lawsuit over allegedly hidden fees, according to 9 News Australia.

The report puts two different banking controversies alongside parliamentary scrutiny of the industry's profits. It says the Commonwealth Bank allegations concern $8.5 million in fees. Those allegations are not a court finding.

"Banks are not getting the basics right," ASIC commissioner Alan Kirkland says in the report.

In Canberra, ANZ chief executive Nuno Matos and Westpac chief executive Anthony Miller face questions about profits, inflation, interest-rate rises and housing affordability. Labor MP Ed Husic challenges the contrast between household pressures and the position of large businesses: "Everyone is living through tough times, it seems, except the country's largest businesses. Am I right?"

"We are just doing our job," Matos responds.

The upload then switches to a separate political update. Reporter Connor McGoverne describes Senate committee evidence valuing Anthony Albanese's honorary Marrickville Golf Club membership at substantially more than the nominal card price the prime minister had previously cited.