NAB to play ball with Labor on $640m levy
National Australia Bank has vowed to “engage constructively” on Labor’s $640 million proposed bank levy.
National Australia Bank has vowed to “engage constructively” on Labor’s $640 million proposed bank levy.
QBE chief executive Pat Regan has signalled he may run a rule over Commonwealth Bank’s general insurance unit.
Morgan Stanley veteran Steven Harker is retiring at the end of the week after a twenty year career at the bank.
QBE shares rose 5pc in early trade after it swung to a $1bn full-year cash profit and lifted its payout sharply.
The customer-owned banking sector wants APRA to use new capital requirements to cut a big four funding advantage.
Labor’s softer approach to reforming mortgage broker pay is sensible, says Melos Sulicich, CEO of banking group MyState.
The IMF has warned Australia it needs to sock away $20 billion to prepare for any new banking crisis.
Borrowers beware. The banks’ mortgage clampdown may have gone too far, but any easing will be marginal.
Broking group Mortgage Choice has cut its dividend as it warned of the impact from uncertainty sparked by the Hayne report.
National Australia Bank investors have called on the board to secure a new chief executive within six months.
Original URL: https://www.theaustralian.com.au/author/joyce-moullakis/page/183