Yesterday
Why CBA and NAB chiefs fear a double Trump hit
Australia has plenty of productivity challenges of its own, but Matt Comyn and Andrew Irvine see the US president’s policy chaos lingering for some time to come.
This Month
NAB’s $230b business bank crown jewel faces its biggest test yet
Even on the day he was named as the bank’s chief executive, Andrew Irvine knew the barbarians were at the gate. Thirteen months later, they are over the wall.
NAB captain’s pick can’t make up for CFO’s shock departure
It’s one in, one out for NAB boss Andrew Irvine as he seeks to prove himself as a top Australian chief executive. Investors are wary.
The NAB departure no one is talking about
The bank’s musical chairs involves the mystery exit of the chief of staff to the CEO.
December 2024
‘Australia is falling behind’: 55 CEOs demand election action
Top chief executives say the next federal government must make the nation’s crippling regulatory burden and housing supply top priorities.
November 2024
Why NAB is taking a leaf out of CBA’s book
Andrew Irvine is borrowing from Matt Comyn’s successful strategy of creating a virtuous flywheel in consumer banking.
Trump trade war could force the RBA to jack up rates
KPMG modelling shows that inflation could take off if China retaliates against Donald Trump’s tariffs, while Australia’s mining sector could suffer a $12b export hit.
NAB arrears hit highest since 2020, and could worsen
Borrowers behind on their loan repayments “could trend a little bit up”, National Australia Bank chief executive Andrew Irvine says.
October 2024
‘It comes down to housing all the time’: NAB chief’s growth warning
The bank’s boss, Andrew Irvine, says access to talent is the biggest hurdle for SME growth. But our housing crisis isn’t helping.
Why NAB’s new CEO just set the bank a seriously big goal
While shareholders have taken delight in NAB’s turnaround, customers haven’t. Newish CEO Andrew Irvine wants to change that.
August 2024
Bank boss outraged by 10pc transaction fee for coffee
The Reserve Bank is already scrutinising the growing practice of adding a fee to the cost of a purchase to cover the cost of processing the transaction.
Post offices could be your new cash machine
Australia Post is negotiating with the big four banks to roll out smart ATMs and expanded banking services after an $88.5 million loss.
Interest rates weigh on NAB customers as arrears jump
“The economic environment, including persistent inflationary pressures, is challenging for our customers,” chief executive Andrew Irvine said.
July 2024
Rock stars happy to discuss fixes, but super isn’t the big problem
Tinkering with super allocations is one thing, but it cannot replace our desire for bolder economic and tax reform.
June 2024
Armaguard secures deal with banks, supermarkets to save cash
Months after a bailout collapsed, the eight largest customers of Linfox’s Armaguard have agreed to a $50 million injection to keep cash circulating.
May 2024
Why businesses are pulling billions in deposits from NAB
It is the largest month-to-month fall in deposits at NAB in at least five years, according to new Australian Prudential Regulation Authority data.
New NAB boss Andrew Irvine on trust, banker pay and client weddings
Andrew Irvine has inherited a solid strategy, but five weeks into the job he’s not afraid to weigh in on tough issues such as banker bonuses and regulatory creep.
NAB clings to business banking prize as mortgage brokers bite
National Australia Bank’s first-half profit tumble underlined the toll intense mortgage competition is still claiming on margins.
The ‘astonishing’ number in NAB’s profit
There’s a very good reason why new boss Andrew Irvine won’t change the bank’s strategy too much.
April 2024
NAB’s new boss just managed to do what most CEOs can’t
Australian corporate history is riddled with examples of passed-over CEO candidates exiting. But NAB has just bucked the trend.