National Australia Bank Ltd outperforms Wednesday, when compared to competitors
Here is the latest company close update for National Australia Bank Ltd, NAB.
National Australia Bank
Economy’s in ‘reasonable’ shape but customers hurting: NAB
The boss of one of Australia’s largest banks says the Australian economy is OK and businesses are optimistic but he concedes many customers are being hammered by restrictive interest rates.
‘Profit over people’: NAB’s big regret
NAB bosses have acknowledged that its most vulnerable customers were left in the lurch as they faced angry shareholders over the bank’s failures.
ASX 200 dips on seesaw day; ASIC sues Binance
Financial regulator targets crypto giant over alleged customer fails. Insignia rejects Bain bid. Chalmers’ spending plans to challenge RBA fight. ANZ facing more regulatory scrutiny. Aus economy in ‘reasonable shape’: NAB CEO.
Insignia Financial to relaunch the MLC brand in 2025
MLC will be rebooted in 2025 under its owner, ASX-listed wealth management company Insignia Financial, which only weeks ago completed the brand’s separation from NAB.
ASX 200 ends down on mining losses; HMC, DigiCo dive
Surprise inclusions in RBA’s new-look monetary policy board; new governance board members named. Data centres-focused DigiCo continues to decline. HSBC sued for alleged scam fails. China slump a blow to Treasurer’s mid-year budget update.
Property market a national crisis: NAB CEO
Andrew Irvine says Australia needs more skilled migrants and to be more innovative on types of housing and construction methods, to address its crisis.
‘Huge step’: Local impact of $13bn Japanese life insurance play
The MLC brand of life insurance in Australia will disappear after 130 years and a new one with almost two million customers will enter the local market as Japanese players chase profitable sectors.
‘Weak’: Business confidence falls sharply
The cost of doing business in Australia is too high to handle for many organisations, the latest business confidence survey has found.
ASX trims losses after dovish pivot by RBA
Michele Bullock rejects commentary the RBA has misread the weakness in the economy and should have already moved to cut interest rates. ASX fell on tech, banks and property. But miners up on China stimulus hopes. 480 Mosaic jobs to go; Katies to shutter. Business confidence falls. Perpetual hit on ATO ruling on KKR deal.
Optimistic NAB chief tips economic growth for coming year
National Australia Bank expects the economy to grow in the coming year, with boss Andrew Irvine sounding a note of optimism for businesses.
Biggest Aussie business fear revealed
As the cost of living crisis continues to impact small and medium Aussie businesses, thousands of owners have revealed their biggest fear which keeps them up at night.
Supermarket launches huge $2m giveaway
Thousands of shoppers will be in the running to win up to $100 off their next shop as part of an instant win giveaway in the lead-up to the festive season.
ASX 200 closes at new record; NAB top economist resigns
Flurry of new partners at Barrenjoey. Northern Star down on $5bn buyout bid. Singapore Post locks in $1bn sale to Pacific Equity Partners. Metcash climbs as investors look past underlying profit drop. Retail sales, building approvals rise.
NAB sued over hardship silence: ‘2000-day wait for reply’
The corporate regulator has put banks on notice over financial hardship, launching court action alleging National Australia Bank took years in responding to borrowers in crisis.
NAB faces legal action over 345 customers
National Australia Bank is facing federal court for allegedly failing 345 customers at their most vulnerable when they applied for hardship support.
ASX 200 rises; Woolworths denies ‘land banking’
Sites ‘held for strategic reasons’ Woolworths tells ACCC. SafetyCulture CEO to step down. Queensland coal ‘sugar hit’ won’t last: BHP. Elders in $475m buy after missing profit expectations, CEO extends stay. ASIC sues NAB.
Bank confirms worst news for homeowners
One of Australia’s big four banks has made a bold prediction about the future of interest rates, and it’s even worse than expected.
Pre-election rate cut? Don’t bank on it, PM
NAB has become the first major lender to push back its forecast of an interest-rate cut to May, as Reserve Bank governor Michele Bullock issues a warning on the labour market.
NAB chief sees silver linings beyond clouded horizon
The big four bank’s head of business banking Rachel Slade says there’s more pain ahead in the near-term, with arrears to push higher in the coming months.
Original URL: https://www.theaustralian.com.au/topics/national-australia-bank