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Ross McEwan

October

BHP chairman Ken MacKenzie in 2022. He is expected to announce his resignation next year.

Inside the contest to succeed Ken MacKenzie at the top of BHP

It has been one of the most coveted prizes in corporate life. The next chairman of the Big Australian will have profound influence on the entire market.

  • Patrick Durkin
BHP chairman Ken MacKenzie has overseen an era of dynamic dealmaking.

BHP chairman Ken MacKenzie eyes the end of his rule

Ken MacKenzie is expected to retire next year as he prepares to honour the informal nine-year limit he imposed on director terms at the mining giant.

  • Peter Ker
Victoria’s big builds have imposed a considerable debt burden.

Victoria’s taxing and spending comes home to roost

Victoria could restore its reputation for financial discipline if it started running its infrastructure ambitions in a more efficient way.

  • The AFR View

July

ANZ boss Shayne Elliott needs the regulator to back up his assertions that the bank has done nothing wrong.

ANZ boss Elliott makes big call on bonds scandal

If Shayne Elliott is right, he’ll get out of this with a docked pay-packet. If not, the bank’s succession planning and strategy could be in ruins.

  • Anthony Macdonald

June

Moving cash became a financial drain for Armaguard given the dramatic fall in its use.

In the Armaguard deal, keeping cash flowing was about more than money

How the Fox family and Bill Kelty finally got a deal with the banks to secure a viable future for the cash distribution business despite a dramatic fall in the use of cash.

  • Jennifer Hewett
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May

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Bank users face extra $370m in fees to keep rural branches open

The costings come as a Senate probe into the impact of branch closures on regional communities prepares to report on Friday.

  • Updated
  • Lucas Baird

April

Bank stocks are soaring, but some serious structural issues lurk beneath the surface.

Six ways ‘Mercedes’ mortgages could hurt Australia

A series of changes in the banking sector is making lenders take less risk. One veteran analyst says that has grim ramifications for investors and the nation. 

  • Updated
  • James Thomson
Former premier Mike Baird, pictured with former NAB chief Andrew Thorburn, upon joining the bank in April 2017.

Andrew Thorburn lands CEO role at HammondCare

At his new job, the one-time NAB CEO’s Christianity is unlikely to be an issue.

  • Myriam Robin
In his last public appearance as CEO of National Australia Bank, Ross McEwan said the government needed to lift its building policies to counter the surge in immigration.

We should be glad banks are speaking up

Australia’s big banks are at the coalface of the economy. Governments should be listening when they highlight the need for change.

  • Nick Hossack

March

The Chanticleer podcast features James Thomson and Anthony Macdonald.

Banks want to take more risk; Exciting stocks to watch; Do execs deserve mega pay?

This week, James and Anthony reveal why our big bank CEOs want to take more risks, ask whether big executive salaries really incentivise business leaders, and take the pulse of the market with a special guest fund manager.

NAB’s Ross McEwan: “Are we pushing too many people outside [banking].”

Non-banks raise $15b for mortgages the banks couldn’t write

The major lenders have warned tough rules are pushing borrowers to more expensive and riskier loans. But banks still dominate the market.

  • Updated
  • Lucas Baird and James Eyers
Asking the right questions at the 2024 Banking Summit.

We have to get the balance right in banking

Over-prescriptive and risk-averse rules on lending are not just a problem for bankers. They hobble the whole economy.

  • The AFR View
Anna Bligh, chief executive of the Australian Banking Association.

Banks struggle to balance risk, reputation and regulation

Blowback over lending practices and perceived corporate greed means banks have become reluctant to take too many chances with their lending. But at what cost?

  • Jennifer Hewett

Banks warn growing risk aversion pushing borrowers into worse loans

National Australia Bank’s Ross McEwan says some prospective customers are being pushed toward riskier loans as the rules make lending more expensive.

  • Updated
  • Lucas Baird and James Eyers
Ross McEwan argued that rent control legislation in the ACT, where rent rises are capped at 110 per cent of inflation, had “killed the build-to-rent sector”.

Housing supply crunch brings questions about migration: NAB’s McEwan

The National Australia Bank’s chief executive said building approvals would have to rise to “well over 200,000” to sustain current immigration numbers.

  • Lucas Baird
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Ross McEwan, Matt Comyn, Peter King and Antonia Watson at the AFR Banking Summit.

It’s time for banks to take more risk, not less

While the prudential regulator sees more stresses ahead for banks, top CEOs worry the sector has become too risk-averse. They’ve got three big ideas to drive growth. 

  • James Thomson
The Australian Financial Review Banking Summit with James Thomson, senior Chanticleer columnist, and Ross McEwan, CEO, National Australia Bank.

Bankers’ housing alert; Lew’s $3b bet; PwC’s power players

Read everything that’s happened in the news so far today.

Has the pendulum swung too far, asks McEwan
1:57

Has the pendulum swung too far, asks McEwan

Outgoing NAB CEO Ross McEwan asks if the pendulum has swung too far on banking regulation, leaving vulnerable Australians to payday lenders.

  • Updated
NAB boss Ross McEwan says the scars of the royal commission cannot be forgotten.

Ross McEwan reveals his biggest win from 40 years in banking

In an extraordinary four decades in banking, Ross McEwan has rescued two big banks from crises. And all while driving a Holden ute.

  • James Thomson
Mortgage delinquencies are rising faster than they have for two years, but interest rates are expected to begin falling.

Mortgage stress rates hit fastest pace in at least two years

Some non-bank lenders say they are allocating more investor loans, where delinquencies are lower, into their residential mortgage-backed securities issues.

  • Lucas Baird

Original URL: https://www.afr.com/person/ross-maxwell-mcewan-596