ASX Announcements
Issue of HKD 400,000,000 Subordinated Notes Cleansing Notice
Issued Capital - Other, Cleansing Notice
Application for quotation of securities - NAB
Appendix 2A (Application for Quotation of Securities)
Issued Capital - Other
Company Administration - Other
Dividend Record Date, Dividend Pay Date, Dividend Rate
Today
Big bank stocks have a week from hell as CBA slide nears 10pc
Is the gloss finally coming off? Fund managers have long expected a gravity-defying rally to reverse but do not expect shares to fall too far, investors warn.
Student debt relief is on its way. Here’s what to know
Labor is delivering on an election promise to trim tuition debt by 20 per cent, which should also increase borrowing power for many.
Yesterday
Carnegie says super funds and family offices can now pile into crypto
A new deal between the veteran investor’s firm and a US cryptocurrency bank is aimed at letting nervous institutional investors buy into the bitcoin boom.
What 18-hour days on a farm taught this NAB exec about banking
Growing up in New Zealand, Felix Sekulla worked in his family’s restaurant and on farms before moving into the world of banking.
This Month
NAB boss Andrew Irvine admits to ‘difficult’ week amid board scrutiny
The chief executive has pledged to improve after the board intervened last week in response to investor concerns about his leadership style.
NAB boss’s admission; Why Ray Dalio’s right; Aussie city set to shine
Read everything that’s happened in the news so far today.
NAB directors met to discuss Andrew Irvine, urging him to smarten up
The Phil Chronican-led board informally convened this week amid disquiet from institutional investors about the bank CEO’s management style, sources said.
Why there’s so much at stake for NAB and its CEO Andrew Irvine
Institutional investors are overweight NAB and nervous about what they’re seeing in four key areas: leadership, competition, asset quality and costs.
KPMG CEO activates his sleeper agents
Andrew Yates’ audit division is on a hot streak. Former KPMG operatives keep showing up at the board table.
NAB board backs CEO Irvine as investors demand ‘please explain’
The bank’s shareholders say directors must clarify discussions with the executive, warning there was a “lack of confidence in the investing public”.
NAB chief’s drinking a joke at staff Q&A
Andrew Irvine was asked for a resolution at a staff town hall last year.
Banks and major retailers extend Armaguard lifeline to buy cash time
The Fox family-owned business had secured a $50 million injection last year, and will use the money to operate while a permanent solution is found.
Fundies could face fee threat if super funds rethink equities mandates
Carving out CBA and other bank shares from industry funds’ active, fee-paying mandates means they cannot be underweight the ASX’s largest financial stocks, writes Joyce Moullakis.
NAB chief economist Sally Auld goes two for two
The star recruit at the major lender was caught offside, again.
Banks say borrowers aren’t reducing home loan repayments as rates fall
Three major lenders say only one in 10 customers are asking to pay less, a blow to retailers who have hoped the RBA’s moves would stimulate sluggish spending.
June
Net promoter scores are controversial. Why do firms use them?
From “strategic” to “service” and “journey” NPS, companies are finding new and inventive ways of giving them the numbers they – and their executives – want.
ANZ cut to ‘sell’ as brokers darken on big four banks
UBS is the latest broker to slap a sell rating on a major Australian bank, telling clients to avoid the cheapest major lender at current levels.
Environmentalists accuse major banks of financing deforestation
The Australian Conservation Foundation said it used satellite imagery and land titles to connect properties where loans had been made and suspected clearing had occurred.
Simon Birmingham named chief executive of Australian Banking Association
The former senior Coalition government minister will take over from Anna Bligh, who has run the powerful lobby group for more than eight years.
Miners set for green investment boost from new classification system
New guidelines developed with Treasury will help banks and super funds reduce greenwashing by classifying economic activity based on its emissions profile.